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

Client Mistakenly Deducted TDS Under Section 191i Instead of 194c; Seeks Refund and Revision for Excess Payment A client mistakenly deducted TDS under Section 191i instead of 194c during the third quarter of the fiscal year 2012-13. Seeking to revise the TDS return and claim a refund for the excess amount paid, the client is also incurring interest on this excess deduction. A response suggests that the client should apply to the jurisdictional TDS ITO with full details and circumstances of the error. After an investigation and approval from the CIT, a refund can be issued. The process is time-consuming due to its unusual nature, but a relevant circular can be provided if needed.