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Deductor filing revised tds return after refund of payee

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)

31 October 2012

If a tax payer gets refund of Rs 50,000 in place of 75,000 due to deductor not filing TDS return properly and hence not proper disclosure in 26AS what is to be done in the event of the deductor filing correction statement or revised TDS return after refund of deductee is processed and cheque handed over.

Regards,

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2 Replies

Yash Gokani (Article Assistant) (47 Points)
Replied 31 October 2012

According to me,the tax payer must write a letter to his/her concerned ITO claiming the balance refund of Rs. 25000 along with a copy the ITR filed by him initially and only Rs.50000 refund received against his claim of Rs.75000 and a fresh copy of his/her 26 AS be attached thereby........

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Yogesh Kumar (Job) (180 Points)
Replied 31 October 2012

If I talk practically now department is not giving refund until the TDS is not reflecting in you 26AS, so better you force the deductor to file revise TDS return and you can file application under section 154 against the 143(1).