06 January 2010
In case TDS deducted and deposited to the government and afterwards due to some reason the contract gets terminated. In that case whether the company gets TDS refund ? and How to claim TDS refund in such cases ?
06 January 2010
TDS is to be deducted at the time of payment or credit whichever is first. Suppose if payment has been made first and TDS has been deducted, pls recover it from contractor in same way as you will recover the advance amount from him. Refund from Government is not possible. Yes, if you had not filed your quartely return, you can adjust it with other contractor.
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