If suppose Company (XYZ) has deducted full TDS of a company (ABC) which holds lower TDS deduction certificate, can ABC claim the refund of such TDS. Please give some case law in this regard.
CA Anuj Diwan (Partner) (51 Points)
13 May 2013If suppose Company (XYZ) has deducted full TDS of a company (ABC) which holds lower TDS deduction certificate, can ABC claim the refund of such TDS. Please give some case law in this regard.
bujjulu
(e-TDS + IT return filer Hyderabad)
(731 Points)
Replied 13 May 2013
The 6th point in the circular is reproduced below.
6. In view of provisions of section 200A of the Income-tax Act prescribing processing of statement of TDS and issue of refund with effect from 1-4-2010, this circular will be applicable for claim of refunds for the period upto 31-3-2010.