Refund of TDS

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sangita (Querist)
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30 April 2009 hello frnds
i hv a doubt which relates to refund of TDS.

The company paid TDS on commission payable to managing director subject to approval of shareholders in the month of March, 2008 ie FY 2007-08. The shareholders did not approve the payment of commission in the AGM held after the close of the year.
Can the company claim the refund of TDS amt paid???

SUBRAMANYA H

SUBRAMANYA H (Expert)
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18 May 2009 REFUND CAN BE CLAIMED BY MANAGING DIRECTOR ONLY

ALSO NOTE THAT TDS ON COMMISSION PAYABLE TO MANAGING DIRECTOR IS DUE ONLY ON PAYMENT BASIS NOT ON BOOK PROVISIONS, PROVISION FOR COMMISSION TO MANAGING DIRECTOR CAN BE MADE WITH OUT TDS, TDS IS DEDUCTABLE AT THE TIME OF RELEASING THE COMMISSIN