Tds

This query is : Resolved

pvsrikanth (Querist)
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06 August 2011 DEAR SIR,

IF TDS PAYMENTS PAID EXTRA THAN ORIGINAL AMOUNT WHETHER COMPANY OR INDIVIDUAL CAN WE CLAIM BACK THAT AMOUNT.

CA Navin Jain

CA Navin Jain (Expert)
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06 August 2011 YES YOU CAN CLAIM REFUND OF EXCESS PAID TDS, BUT PROCEDURE FOR GETTING REFUND IS VERY TOUGH

CA Ashwani Agarwal

CA Ashwani Agarwal (Expert)
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06 August 2011 If you have paid extra amount as TDS then the best way is to give the TDS certificate of that extra Amount to the deductee, he will get the credit of the same by the INCOME TAX deptt. and you can deduct the amount so paid by you from his account.

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taxindiaconnect

taxindiaconnect (Expert)
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06 August 2011 File an application with the jurisdictional TDS officer for refund of excess TDS so deposited. You shall get the refund after rigourus follow up. Though this is agreed that the process is cumbersome, however we have taken a refund of huge amount by this process. If the amount of refund is small, follow the suggestion made by ashiwini.