Master in Accounts & high court Advocate
9610 Points
Posted on 17 April 2025
Claiming Refund of Excess TDS To claim a refund of excess TDS paid on rent, follow these steps:
1. *Rectification of Form 16C*: Request the deductor (landlord or property owner) to rectify the Form 16C with the correct TDS rate of 2%.
2. *File a rectification request*: The deductor should file a rectification request with the income tax authorities to correct the TDS certificate.
3. *Claim refund*: Once the rectification is done, you can claim a refund of the excess TDS paid.
Additional Steps
1. *Verify Form 26AS*: Check your Form 26AS to ensure the correct TDS amount is reflected.
2. *File ITR*: While filing your Income Tax Return (ITR), claim the refund of excess TDS paid.
Documentation To support your refund claim, maintain:
1. *Rectified Form 16C*: Ensure you receive the rectified Form 16C from the deductor.
2. *Proof of payment*: Keep records of TDS payments and proof of excess payment.
Recommendations 1. *Coordinate with deductor*: Work closely with the deductor to ensure timely rectification and refund.