ramakrishna (manager compliance) (38 Points)
05 November 2015Hi,
I have an query on IT payment. we (Company) paid IT tax in the month of May 2010 through challan in SBI bank. Our people had made a small mistake (now big) instead of paying under the Head 300-self assessment tax it was paid to the Head 400- Tx on Regular Assessment. Now our CA asking to get it changed since there are few refund in the preceeding years which are held/adjusted against it. Please some guide us for the correction of the HEAD.
Ramakrishna
GUDDU KUMAR
(CA Final)
(27 Points)
Replied 05 November 2015
May any person tell me about procedure of TDS Refund ?
Actually We paid Interest u/s 194A to Our Client of Rs.120000-10%TDS = Rs.108000
But at the time of deposit TDS
By-mistake We have deposited online Rs.120000 instead of Rs.12000
This is my new proprietorship firm and my first TDS return filing date is 25th of Jan.,2016
may any person help me for refund claim ?
Hitendra Dave
(B.Com)
(45 Points)
Replied 05 November 2015
Miss Rinkal
(Student)
(1304 Points)
Replied 05 November 2015
@ Ramakrishna:
You need to approach your AO and request for correction in minor head
Miss Rinkal
(Student)
(1304 Points)
Replied 05 November 2015
@ Guddu Kumar:
The applicant deductor shall establish before the Additional Commissioner as the case is to claim excess payment of TDS in excess of Rs 1lakh and that:
(i) it is a case of genuine error and that the error had occurred inadvertently;
(ii) that the TDS certificate for the refund amount requested has not been issued to the deductee(s); and
(iii) that the credit for the excess amount has not been claimed by the deductee(s) in the return of income or the deductee(s) undertakes not to claim such credit.
CA. Anshul Bajaj
(Taxation Head)
(173 Points)
Replied 07 November 2015
CAclubindia
