Refund of tds paid in excess / interest on tds paid in exces

TDS / TCS 2174 views 1 replies

A demand for Interest payable on TDS was raised on us. The same was duly paid but NO RETURN was filed. Subsequently the same amount of interest was paid AGAIN by our Accounts Department. On approaching my TDS Circle the AO was unaware about the refund procedure for the same. I understand that there has been an inclusion of Form 26B to claim such refund but I havent found any place where i can submit / file this form as it is to be done electronically.

 

Can anyone please advise - How can I get the refund of the excess interest paid ?

Replies (1)

U can download the same.

{Dear Mr. Raj, though the form for getting back the excess paid is issued - you know how difficult it is to get back money from the dept.

2nd point :- in the form itself it is given that it will adjust if there were any dues to the dept while returning.

-now think of this point -will there be no defaults notice at any point of time. Suppose you have paid rs10,000 there is a pending defaults notice online which may not be visible to anybody for RS.2000/- for pan mismatch. - This mistake can be corrected. But the dept. while returning refunds only rs.8,000) 

After filing correction return for this 2,000 you have to go to the dept. again and again and again and again to convince the dept. that it can't adjust as a correction return for this has been filed.

 

under these circumstances ! I suggest you as the amount paid is only interest this must be few thousands only.  Hence you file a correction return with the PAN No. of your office boy or a clerk . then let that boy / clerk file IT return and claim refund.  This will take much less time and least cumbersome.

I do not say it is a professional advice. hhhhhh But in the incometaxindian cotext..........


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