TDS refund

[Guest]

Dear all,

My client had deducted TDS u/s 191i instead of 194c in 3rd quarter of F.Y 2012-13. now he want to revise that TDS return & want to claim refund of excess deducted & paid to government. can any one suggest me the process it was huge amount & my client is paying interest on such excess deduction amount to deductee.

[Harish Chander Bhatia]

NOW There is proper procedure to get back the excess TDS paid under the wrong section. You need to apply to your jurisdictional TDS ITO stating the complete details and circumstances for wrong payment/excess payment, after thorough investigation and CIT approval , the refund will be issued. Procedure is little time taking because of being of a unusual nature, hence bear with that. I remember that there  was a circular on that , that can be provided, if your require.

AI Summary

TDS refund requires application to the assessing TDS officer and departmental approval before excess deduction is returned. Where tax has been deducted under an incorrect TDS section, the payer must apply to the jurisdictional TDS assessing officer with full details and supporting records to request refund of the excess deduction; the officer will investigate and the refund is issued only after departmental verification and approval by the Commissioner, making the administrative procedure potentially time-consuming.