Excess tds deducted and paid

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 October 2014 Hi all,
my query is if during the financial year company have deducted and paid excess TDS which cannot be adjusted against subsequent TDS eg. TDS deducted and paid is Rs 100000 and TDS liability on subsequent return is Rs 10000 will the excess amt of 90000 can refund by the department?? can refund issue request send to the department???
pls reply urgently...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 October 2014 Rule-3A

"A claim for refund, for sum paid to the credit of the Central Government under Chapter XVII-B, shall be furnished by the deductor in Form 26B electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5)."
Online tds refund claim may be made through TRACES.

Querist : Anonymous

Querist : Anonymous (Querist)

04 October 2014 Thanks a lot sir...
pls tell me the procedure to claim such refund under TRACES..

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 October 2014 TDS-CPC (TRACES) has started accepting refund application for Excess TDS deposited in electronic mode on Form 26B digitally signed by the deductor . This is much awaited change. Deductors are demanding this change from a long Time . On TDS-CPC(TRACES) website a Message has been shown as under.

Refunds of challans has been enabled on TRACES. Deductors can navigate to 'Statement / Payments' -> 'Request for Refund' .

To file a ETDS statment we have to visit Tin-FC however to file refund application no need to go TIN-FC and you can file the same online through your TDSCPC login as deductor.To file this application ,first you (deductors) have to register your digitor singnature on TDSCPC website .

As per form 26B ,Deductor can claim refund for full challan amount as well as partial challan amount .

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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04 October 2014 very well described by Seetharaman...

However, the functionality for filing Form 26B has been disabled since long due to technical reasons.