Pucca Idiott (wannabe...) (148 Points)
09 March 2013I had to pay Rs.20,000 as advance tax of a client. Inadvertantly I paid Rs. 200,000. Is there any way by which I can recover the extra amount paid apart from the regular refund ? He also draws fees for professional services from a firm on which TDS is deducted. Now can he file Form 15H with that firm and ask them not to deduct tds.? Please advice.
CA.D.RAGAVAN
(CHARTERED ACCOUNTANTS)
(219 Points)
Replied 09 March 2013
It has to be claimed in your Regular Return of Income. No Provision to give Form 15H for Professional Service. Form 15H also could not be given if the assessee has taxable income
CA.Satyaranjan Jena
(Service)
(266 Points)
Replied 09 March 2013
You can file an application to the TDS officer so that that amount can be adjusted in future or can be returned. Its a time consuming activity.
Orelse wait for filling the tax return then u can get the money refunded
CA.D.RAGAVAN
(CHARTERED ACCOUNTANTS)
(219 Points)
Replied 09 March 2013
Here, the Tax Paid as Advance Tax. TDS Officer has no role to play.
rocky
(cA)
(193 Points)
Replied 09 March 2013
the only way is to get refund and check no interest is charged u/s 234 in notice since u have actually paid more..for that quarter..
Regards...
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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