TDS DEDUCTED U/S 195

This query is : Resolved

Alpesh (Querist)
Follow

01 March 2011 Hiiii,

i am working in a pvt.ltd.co. We are deducting TDS u/s 195 agst ECB Loan interest payment taken from bank.But the gross amt. of interest was payable to bank.Therefore the good amount TDS was bear by us.In this case can we issue a FORM 16A or how to claim our TDS from Gov. please advice me.

Thanks in advance

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
Follow

02 March 2011 The TDS shall form your cost .

Also the Form 16A is required to be issued but even if you don't issue there should be consequences for the same.

Also you can contact me for further benefits that you can avail in present situation which I cant discuss in public forum.

Anuj
9810106211

Message likes : 1 times