31 March 2009
An assesse who is working as proffessional in a company who get proffessional fees on which TDS is deducted @ 10.03%.He also used to travel on behave of the company for which he get reimbursement from the company by mistake the company deducted TDS on the reimbursement also at 10.3%for the assessment year 2008-2009. Is there any way to claim refund of money from Company or from Income tax authority?
01 April 2009
Excessive tax deducted by the company can be used for claiming deduction for other interest such as interest income etc.... if total tax payble is less than TDS assessee can claim refund also
CAclubindia
