Naveen Chand Khulve (CA) (1521 Points)
01 May 2009We 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.
Riyaz Khan
(CA CS (Exec) MBA (Fin) Asst. General )
(1315 Points)
Replied 01 May 2009
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.
CA Mohd Gouse
(Chartered Accountant)
(497 Points)
Replied 01 May 2009
Righty said agree with Mr rajan
CA. Shwetank Vats
(Chartered Accountant)
(653 Points)
Replied 01 May 2009
Yes, agree with Rajan sir, if tax already deduct and deposited than refund will be taken by file of ITR only
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 02 May 2009
agree with Rajan, Ask them to file the ITR and claim the Refund.
CMA KNVV Sri Vidya - Sri Kanth
(C.A.Final (New) ICWAI FINAL (New))
(11269 Points)
Replied 02 May 2009
Agree with rajan
Nikhil
(Internal Auditor)
(208 Points)
Replied 02 May 2009
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 !
TRILOCHAN
(SENIOR ACCOUNTANT)
(698 Points)
Replied 02 May 2009
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
TRILOCHAN
(SENIOR ACCOUNTANT)
(698 Points)
Replied 02 May 2009
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
Seetha
(B.Com, CA)
(278 Points)
Replied 03 May 2009
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.
CAclubindia
