Regarding tax

This query is : Resolved

VIMAL KUMAR (Querist)
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23 April 2012 Sir,

if contractor has not a pan no. , we dedcut a tds @ 20%, contractor has also applied a pan, but at present he has not a pan no. so we deduct a tds @ 20%, whether a contractor can get a refund of this 20% amt. when he filing a return.

Ravi Jhamb

Ravi Jhamb (Expert)
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23 April 2012 Yes he can get refund from income tax for excess TDS deduction.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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23 April 2012 In case he can provide you his PAN and the same is being mentioned by you while furnishing your e-tds return, he will definitely get credit of the TDS and as such he can claim refund.

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CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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24 April 2012 In such case, It is better to file the revised TDS returns for the quarters mentioning his PAN if filed earlier, he will surly get Credit for TDS thereby refund too.

Otherwise not possible.