Interest paid on tds

TDS 748 views 1 replies

A GOVERNMENT DEDUCTOR PAY THE INTEREST ON SHORT PAYMENT BY CHALLAN IN RESPONSE TO THE NOTICE ISSUED BY THE A.O THE INTEREST IS DUE TO WRONG QUOTING OF SECTION IN TDS RETURN.

NOW HE FILED A CORRECTION RETURN AND MAKE NECESSARY CHANGES IN THE RETURN. NOW THE SHORT PAYMENTS AS SHOWN IN THE NOTICE ARE GET NULLIFIED.

IS THERE ANY POSSIBILITY TO GET BACK THE INTERES PAID AS HE HAS PAID THE AMOUNT FROM HIS OUT OF POCKET

PL CLARIFY

Replies (1)

Dear Balu,

Normally paymnets made for TDS is not refundable. But a provision will soon made to get the refund. At present there is no chance to get the refund.

regards


CCI Pro

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