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Tds refund

TDS 544 views 2 replies

We have deducted TDS @ 20% for NON PAN category of  one of the Vendor and remitted in 1st qtr of 2012-13 and filed 26q1 return return in July 2012.  after remitting the TDS the payment to the party was cancelled due to some reasons and we have not released any payment to  the party.    in this regards it requested that kindly advise how to calim refund of remitted TDS?

can we file C3-correction return of 26Q1 by deleting the record of remitted TDS. or is there any other way to calim

 

kindly advise

regards,

 

A K Sarma

 

Replies (2)

It is very difficult to get refund from Dept. It will be simply Government's income. There is no other way. But logically the revenue should not be benefitted this manner.

You can do one trick but it is not ethical. Revise that quarterly TDS return showing the income for X who has a PAN but total income less than exemption limit. Lert that X get TDS benefit and refund. Then X will pay back the refund to you.

Regards,

I wish to know if there is any other answer to this query.

Regards,


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