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Form No. 139 – Frequently Asked Questions (FAQs)
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....orm No. 139 – Frequently Asked Questions (FAQs)<BR>Income Tax<BR>Dated:- 2-4-2026<BR><BR>Form No. 139 (Earlier Form No. 26B) Form No. 139 - Frequently Asked Questions (FAQs) Application for claiming refund of sum paid under Chapter XIX-B of the Income-tax Act, 2025 Name of form as per I.T. Rules, 1962 26B Name of form as per I.T. Rules, 2026 139 Corresponding section of I.T.....
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.... Act, 1961 200A & 206CB Corresponding section of I.T. Act, 2025 399(1)(f) Corresponding Rule of I.T. Rules, 1962 31A(3A) Corresponding Rule of I.T. Rules, 2026 219(6) 1. What is Form No. 139? Ans: Form No. 139 is prescribed for making an application to claim a refund of excess TDS/TCS paid by a deductor or collector under Chapter XIX-B of the Income-tax Act, 2025. 2. ....
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....Who should file Form No. 139? Ans: Any deductor or collector who has deposited more TDS/TCS than the actual tax liability, due to any reason whatsoever and such excess payment is not utilized/consumed by the deductor/collector against any other liability in the system, then deductor/collector can file a refund claim using Form No. 139, which is to be submitted online, for refund of excess TDS/T....
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....CS so deposited. 3. Is filing of Form No. 139 mandatory? Ans: No. This Form is required to be filed only where the deductor/collector wishes to seek refund of excess TDS/TCS deposited. 4. What is the time limit for filing Form No. 139? Ans: Form No. 139 can be filed at any time after the corresponding TDS/TCS statement has been processed and excess payment becomes available for refund.....
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.... 5. Will the claim of refund by the deductor/collector, in Form No. 139, be processed if the deductee has already claimed credit of the TDS/TCS in his ITR and same has been allowed to him? Ans: In a situation where TDS/TCS credit has already been allowed to the deductee then claim of the deductor/collector seeking of refund of such TDS/TCS is not maintainable. 6. Is it possible to edit Fo....
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....rm No. 139, once submitted? Ans: No. Once Form No. 139 is submitted and acknowledgment is generated, it cannot be edited. 7. Can Form No. 139 be filed offline? Ans: No. Form No. 139 can only be submitted online through the TRACES portal of Income-tax Department. 8. How will the refund be issued? Ans: Upon approval, the refund along with interest shall be credited directly to the pre....
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....-vaildated bank account of the deductor. 9. How will deductor/collector know whether the Form No. 139 submitted by him has been accepted by the Income-tax Department? Ans: After filing Form No. 139 on the TRACES portal of Income-tax Department, the deductor/collector receives an Acknowledgment Number on successful submission of the Form. 10. Whether the Deductor/collector is required to f....
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....ile Form No. 139 to seek refund arising out of order giving effect or rectification order under the Income-tax Act, 2025? Ans: Where as a result of any order passed in appeal or rectification under the Income-tax Act 2025, refund is determined as payable to a deductor/collector, such refund will be given without such person having to file Form No. 139. =============<BR> News - Press release ....
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....- PIB....