TDS Vs. Advance Tax

Sir,

There is not recourse available to the company. Such error cannot be rectified. Contacting NSDL would hardly be helpful as they will direct you to Income Tax Department. The company therefore has to deposit the tax deducted on director's separately through another challan. The company can treat this payment as an installment of advance tax in respect of Corporate Income Tax.

I agree with Shubhankar, the only recourse available is pay the TDS amount again and claim the amount paid previously as advance tax paid on income.

The easiest course is to treat it as advance tax and claim it/avail refund. All other measures even if it may turn successfull might not happen quite as fast as we want to considering the way things work in India.

thanx dear once again 4 ur prompt reply. even me suggested d same solution to the directors of d co. but they r not agree wid dis, just b'coz co. is zero tax co. hence it need not to pay advance tax at all. ne way... now refund will be claimed from d deptt.