Tds credit on cancelled contract

CA.Varalakshmi.M (Manager-Finance) (482 Points)

01 August 2012  

Hi friends ,

We have received an advance for a contract after deduction of TDS,but later the contract is being cancelled ,we paid back the total amount including TDS.

Now can we claim that TDS, as it reflected in TDS certificate and 26 AS even though that contract is cancelled......

 

Thanks in advance.