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Tds issuue
if any company deduct tds of an individual, and individual claim refund of tds deducted
after intimation u/s 143(1) received by the individual assesses, company revise its tds return and remove the name of that individual. then what is the treatment of that issue by the department to recover the money refunded to ndividual.
Replies (2)
An rectification letter u/s. 154 is issued to the assessee for any objection to the revision of the TDS return by the deductor.
If no objection raised by the assessee, a fresh demand is raised for the shortfall of the tax.
section 245 notice is for the adjustment of refund towards arrear demand. in this case demand will be raised under section 154
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