We make payment to a party by deducting TDS @ 22.66% at the begining of each month as advance.
But as on 17.04.09 the above party get the Short deducion TDS Certificate for the period 01.04.09 to 31.03.10 @ 2.266%, and so they are claming for refund of excess amount.
Please Cofirm that what should be the Step.
Thanx in advance.
U r not responsible to make a refund of Tax already deducted and Deposited with the Govt. Ask them to file the ITR and claim the Refund.
Righty said agree with Mr rajan
Yes, agree with Rajan sir, if tax already deduct and deposited than refund will be taken by file of ITR only
agree with Rajan, Ask them to file the ITR and claim the Refund.
Agree with rajan
yes rajan ans is right
First thing is TDS deposited cannot be refunded....
& Second in case the party has short deduction of TDS certificate... then it can be made from govt & not the concerned party dude !
as per my opinion , u have nothing to do just issue a tds certificate mentioning the tds u have deducted & deposited, the deductee will claim the refund from department
as per my opinion , u have nothing to do just issue a tds certificate mentioning the tds u have deducted & deposited, the deductee will claim the refund from department
i agree with all of them.
u cannot refund back the money u already deposited and they will have to fill itr to claim refund.
yes ...... fully agree with u all ....
CAclubindia
