The meaning of TDS refund

[yujin kim]

Dear sir

I'm yujin Kim, Korean. and studying Indian taxation.

I can understand some other tax roughly, but only regarding TDS, I cannot understand Indian taxation logic.

We have been doing job work for last 5 years. and our buyer deducted TDS for this job work.

For 5 years accumulated TDS receivable amount under advance tax is nearly 14lac.

I've heard this is receivable amount from indian government. Is it really 14lac 100% can we receive it?

I think this is same as income tax, so we should pay tax as per our sales amount, so it should be not refunded.

But I didn't see any case indian government give the refund .

and one thing, our buyer put the wrong PAN no when they do TDS return for last 5 years. we have two companies. one is manufacturer , the other is trader. Buyer put trader company pan no by mistake.

We found this last year only so we request TDS return to tehm. But he said it is very hard, almost not possible due to long year ago happened TDS.

I am confused what can we do. our CA also cannot give us any suggestion about this.

He is saying we can apply for form 30(cash refund) after buyer revised the TDS return.

But buyer denied.

If this 14 lac is refundable amount, for receiving what can we do?

We want to set off/adjust against advance tax .. But we dont have profit at the moment. so set off also not possible.

Please guide us what can we do.

AI Summary

Korean Student Struggles with TDS Refund Due to Wrong PAN; Urged to File Complaint for Resolution A Korean individual studying Indian taxation is confused about the process of obtaining a refund for Tax Deducted at Source (TDS) accumulated over five years, amounting to 14 lakh INR. The issue arises from the buyer's error in using the wrong PAN number for TDS returns, complicating the refund process. The individual's Chartered Accountant suggests applying for a cash refund using Form 30 after the buyer revises the TDS return, but the buyer is unwilling to cooperate. Responses advise rectifying TDS certificates and filing revised returns, and if necessary, filing a complaint with the TDS officer.