Poonawalla fincorps
Poonawalla fincorps

Tds deducted but threshold limit not crossed in fy

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 May 2018 If TDS is deducted starting from very first invoice/payment but later if threshold limit is not crossed in FY.
What has to be done if vendor demand refund of TDS amount
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 May 2018 the vendor can collect refund by filing the income-tax return. You are not liable for refunding the amount to the vendor.

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