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How to claim TDS Refund on Excess payment?

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Floss Hype

61 Points Posted on 13 October 2021

Our organization has paid perquisite tax on non existing perks erroneously for an employee past FY. How can we claim refund for this? Total amount is Rs 30,000 that corporation had bourn.

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Quick Summary

This discussion addresses how a company can claim a refund for TDS on perquisite tax that was mistakenly paid for a former employee in the last financial year. The total amount in question is Rs 30,000. The core question is whether the corporation can claim this refund through its income tax return, even though the company bore the tax expense directly.