TDS on rent above 50000 pm was paid @ 5% instead of 2%. In form 16 C generated it was appearing 2%. How can we claim refund of excess TDS
1 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7337 Points)
Replied 17 April 2025
Claiming Refund of Excess TDS To claim a refund of excess TDS paid on rent, follow these steps:
3. *Claim refund*: Once the rectification is done, you can claim a refund of the excess TDS paid.
1. *Verify Form 26AS*: Check your Form 26AS to ensure the correct TDS amount is reflected.
2. *File ITR*: While filing your Income Tax Return (ITR), claim the refund of excess TDS paid.
Documentation To support your refund claim, maintain:
1. *Rectified Form 16C*: Ensure you receive the rectified Form 16C from the deductor.
2. *Proof of payment*: Keep records of TDS payments and proof of excess payment.
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