banner_ad

Tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 June 2012 Thanks Sir
for your prompt reply

We have contacted the account branch of ONGC ,. They are asking us to deposit an amount of Rs 19987/=.with them ,so that they can clean up their books , and tell the Income tax about the mistake

and asking us to claim the amount from Income Tax Authorities

Is that possible ?? To the best of our knowledge , we will get into complication?? Please advice

But there is no Purchase order or Contact of that magnitude with them .
Profile Image

CA CS Amit S. Kedia

Profile Image

CA CS Amit S. Kedia (Expert)
26 June 2012 Dear Mr. Satish,

Please contact to respective person in ONGC. who will rectify and revise the return
Profile Image

Sitesh Das

Profile Image

Sitesh Das (Querist)
26 June 2012 Thanks Sir
for your prompt reply

We have contacted the account branch of ONGC ,. They are asking us to deposit an amount of Rs 19987/=.with them ,so that they can clean up their books , and tell the Income tax about the mistake

and asking us to claim the amount from Income Tax Authorities

Is that possible ?? To the best of our knowledge , we will get into complication?? Please advice

But there is no Purchase order or Contact of that magnitude with them .
Profile Image

CA CS Amit S. Kedia

Profile Image

CA CS Amit S. Kedia (Expert)
26 June 2012 You should not refund the amount to ONGC, since you can not claim the TDS from the dept even if the amount is shown in 26AS since you are not going to show the corresponding income in the return.
ONGC will revise the retun and claim the excess refund from dept.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details