I have been filing ITRs of foreign companies since quite a few years but these companies have not yet received the refund due in their foreign bank accounts till date. Income tax department has however deducted the tax on interest (under sec 195) on such refund but not credited the refund or interest thereon in the Foreign bank account declared in ITR.
Is there any different process to claim refund of foreign companies?
Whether you have any bank account in India?
If no.. The details that have to be given in ITR include details such as: international bank account number (IBAN) or SWIFT code of the bank, name of the bank, country of location and account number.
You can check the status of the tax refund on the Tax Information Network website https://tin.tin.nsdl.com/oltas/refundstatuslogin.htm l, which is maintained by National Securities Depository Limited.
If required you can file request for 'Refund Reissue'
CAclubindia
