Greetings to everyone,
Company 'A' was rendered certain service by Company 'B' in fy2015-16, tds u/s 194c was deducted with delay such that the Company 'B' had already filed its income tax return without considering that tds amount of rs. 15 lakhs.
after filing of return by Company 'B', the company 'A' filed its Tds returns for all the quarters of FY2015-16
The Company 'B' came to know about the TDS deduction in FY2018-19.
Now can the Company 'B' claim refund for the TDS amount of rs. 15 lakhs of FY 2015-16?
Please tell the procedure also.
Thanks in Advance.. Have a wonderful day..
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refund of tds deducted in fy 2015-16
Replies (4)
Co claim tds amount in current fy - TDS receivable for FY 2015-16 Rs. 15 Lac
where to mention the same in return...
In the Balance Sheet, TDS is always shown in Liability Side, as it is a liability to the Goverment, the amount we used to collect on behalf of the Governent in the business process from the others. And it will be shown in Assets side when the amount has been deducted by others on this account.
how to claim refund?
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