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TDS Refund

jayanta patra (students) (95 Points)

07 July 2011

One of our client whose tds deduction for the a.y-2011-12 14472, for which form.16a is availble with us. while we veiwing the the 26as , there is nothing credit in his account. we have filed it return for a.y-2011-12 taking form.16a as base and claiming 13200 thereof as refund. wheather we will get such refund or not.

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19 Replies

Mihir (Wealth Manager) (5293 Points)
Replied 07 July 2011

Recheck if you have filed TDS correctly ie in the same A.Y. 2011-12 under the same section etc. Depositing TDS under the wrong AY is common.

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valji (Accounts manager-MBA) (2150 Points)
Replied 07 July 2011

CHECK YOUR tds RETURN ,I THIANK YOU MAY FILE WRONNG DATA FOR BALANCE AMT REVISE tds RETURN FOR QAR IN WHICH YOU DONE MISTAKE

JINESH SHAH (PRACTICING CA) (151 Points)
Replied 07 July 2011

he will not get credit is if TDs is not shown in 26as.. ask deductor to file revised return..

DEEPAK GUPTA (Partner) (32 Points)
Replied 07 July 2011

Alex Fernandes (PCC STUDENT) (186 Points)
Replied 07 July 2011

you can get tds refund as you are having original TDS Certificates which you need to surrender with an Refund Application to your assessing officer as i also faced similar case and it is under process

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Devendra (Chartered Accountant) (4775 Points)
Replied 07 July 2011

I think so now a days the IT Department is issuing the Refunds on the basis of 26AS, so it is better to instruct the deductor to revise the TDS returns or else you wont get the IT refund.

Regards,

Devendra

CA. Manav Goel (CHARTERED ACCOUNTANTS) (351 Points)
Replied 07 July 2011

Dear,

Check in ur client Form 16A, PAN No. and TAN No. is spelled correctly. If it not, definately there is mistake by deductor in filing of TDS Return. Ask him to revised the TDS Return.

If it is, u should ask the deuctor to check the return properly and revised it .

Alternatively, u can wait till Income tax officer call the client by way of notice/telephone to carry and submit the TDS Certificate.

In the second option ITO will take all the necessary steps.

If ur refund is genuine, u must get it.

Regards

Manav Goel

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 08 July 2011

without recording in 26AS, such TDS certificates would not be considered good, credit would get denied unless it display in 26AS

@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
Replied 08 July 2011

if you have original TDS certificate then no need to worry... but there will be scrutiny or order... there are chances that they didnt file their TDS returns..

amit jain (Chartered Accountant) (532 Points)
Replied 08 July 2011

you will get no refund coontact the assessing officer.. or get the tds return revised by the deductor.. as they may not have correctly quoted the PAN of assessee..

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amit jain (Chartered Accountant) (532 Points)
Replied 08 July 2011

you will get no refund contact the assessing officer.. or get the tds return revised by the deductor.. as they may not have correctly quoted the PAN of assessee..

Mukesh Kumar Singh (CA-FINAL) (4094 Points)
Replied 08 July 2011

As form 26 AS not showing any credit of tds available for the client, they will not be able to get refund. As IT deptt. gives refund on the basis of credit available as per 26AS.

bhakti (CA) (94 Points)
Replied 08 July 2011

Even if TDS is shown in 26AS still incometax Authority doesnt give u the refund , the reason being it is not displayed at there end (on there online system) , as i am facing the same problem and trying to resolve the issue

CA Dipak (achiever) (238 Points)
Replied 08 July 2011

you can still get refund. sometime it happan in ITD site that data are not up dated.but still u can claim refund base on form 16a.You will get refund. Howevre make sure that tds is deposited and pan is correctly quoted in return file by deducter.if everything is right then simply it is not shown in 26as ,department can not deny your refund.