CA. S. Balasubramanian (Chartered Accountant) (192 Points)
26 August 2011A 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
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 30 August 2011
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
CAclubindia
