refund of excess TDS paid in 2007-08

NO

TDS is payment on behalf of deductee. So you have paid excess on behalf of deductee.

The only option is to debit  the deductee .ASK him to claim the TDS refund. Realise it from the deductee.

There is circular with regard to the refund of Excess TDS.

Please refer to the following for assistance.

• There is no specific format in which such refund claim is made.
• Application is to be made in plain paper to the assessing office (Know your Deductor-TDS Jurisdiction) with whom you are regularly filing the TDS returns quoting CBDT Circular. A copy of the CBDT circular may be kept handi for being referred during the course of any hearing.
• It is also necessary that the copies of the returns of Tax deducted at source (Form 24Q and Form 26Q) for the relevant financial year are to be enclosed.
• A calculation showing the details of Excess TDS remitted are to be clearly brought out in the paper.
• It is advisable to enclose copy of the circular No. 285 [F. No. 275/77/79-IT(B)], dated 21-10-1980 to the refund application.

Regards

Sudhakar

There is circular with regard to the refund of Excess TDS.

Please refer to the following for assistance.

• There is no specific format in which such refund claim is made.
• Application is to be made in plain paper to the assessing office (Know your Deductor-TDS Jurisdiction) with whom you are regularly filing the TDS returns quoting CBDT Circular. A copy of the CBDT circular may be kept handi for being referred during the course of any hearing.
• It is also necessary that the copies of the returns of Tax deducted at source (Form 24Q and Form 26Q) for the relevant financial year are to be enclosed.
• A calculation showing the details of Excess TDS remitted are to be clearly brought out in the paper.
• It is advisable to enclose copy of the circular No. 285 [F. No. 275/77/79-IT(B)], dated 21-10-1980 to the refund application.

Regards

Sudhakar

Dera Sir,

I have received TDS from our staff at 31st Mar'08 for the hole year TDS(2007-08) & deposited at IT department. but still now i have not submit my return of 2007-08. What i will do now & what kind of Penalty i will face.

Plz, suggest me that what i will do now.

SANDIP

ACCOUNTS OFFICER.

you must submit your etds return till 15th june 2008. if u fail to do so, a fine @ 100 per day shall be imposed.

Please send me my TDS refund Details

send me My Vat TIN No. Details

Sir i have  nt received the tds refund of the f.y 06-07 . This is tds from the consultancy fees. Wht is the reason for it and by  wht time i will received my tds refund ?