ALAK MAZUMDER (SENIOR MANAGER( PETROCHEMICALS-MKTG.)) (57 Points)
16 May 2011A contractor was given TDS certificates with wrong details ( Name and PAN No.) for FY 09-10 and 10-11and TDS deposited again with wrong details ( Name and PAN No.). How can the contractor (assessee) get the refund from I.T.department?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 16 May 2011
ask the deductor to revise the TDS return with correct data
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 16 May 2011
The deductor shall be required to file a correction statement for the e-TDS return. After the successful processing of the e-TDS return by the deductor, the assessee shall have to file Rectification u/s 154 to claim the refund.
Monika Gupta
(chanrtered accountant)
(23 Points)
Replied 19 May 2011
An employee has filed his income tax return for the F. Y. 2007-08 with wrong PAN. He has a refund of Rs. 23000 in that year. Tax credit is appearing in his tax credit statement in 26AS. How can he get the refund from the Deptt?
CA Rakesh Garg
(Asst. MGR Taxation)
(510 Points)
Replied 19 May 2011
he should have to file revised itr wid correct pan.
Monika Gupta
(chanrtered accountant)
(23 Points)
Replied 19 May 2011
He could file revised return only upto 31/03/2010. Please give me another solution.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 19 May 2011
@ Monika- U can request the concernecd AO ( or any IT Authority as mentioned u/s116) to rectify themistak as only tax authorities u/s 116 are to allowed to rectify a mistak whic is apparent frm the record.
The tim limitfr passing a rectification order is4 yrs frm the end of FY in whic ordersought to be ammended was passed. So in ur case calculate accordingly.
Plcs correct me if im wrong.
CAclubindia
