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Tds refund

TDS 449 views 1 replies

hi club,

Can anyone advise on the following Query urgently pls.

We have made a contract with a foreign company for availing Technical Services (technical know how fees). 

We have made an advance payment in USD to the Vendor by deducting 20.6% TDS on our Payment. 

Now the vendor is unable to deliver their commitment as per the agreement, hence the contract is getting cancelled and the vendor is returning the payment back to us.

Can you please advise,Is there any provision to claim the same? how can we claim the refund of the TDS remitted to the IT Department ? 

Thanks

spkavi

 

 

 

Replies (1)

Firstly Revise The TDS Return To Nullify The Entry.

 

Kindly Check The Same For The Refund Procedure

 

https://www.tdscpc.gov.in/en/request-for-refund-etutorial.html

 

 

Refund Is Not The Only Option ...You Can Also Adjust The Excess TDS Against TDS Liability Of The Following Months.


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