TDS on income tax
R T Pandey
(Querist) 11 July 2010
This query is : Resolved
Sir,
we are govt. contractors working for railways,PWDs and banks etc.On payment of bills Tax is deducted at the rate of 2.242percent and form 16 is issued by the concerned department.We have claimed refunds for 2008-2009 and 2009-20010.Income tax department is not paying the refunds on the ground that the TDS is not getting verified on line.On contacting the departments deducting tax on source say that they have deposited the tax correctly and can not help us in any other way than issuing form 16.
Please advice weather we sould file an apeal/case? with whom? the rate of 2.242 is correct?.
Thanks and regards
for Reliable Engineers.
adv. rajeev ( rajoo )
(Expert) 11 July 2010
File an application before the concerned ITO by producing the form No:16.
Vineet
(Expert) 11 July 2010
Please apply for rectification u/s 154 and produce original TDS certificates.
This is a common problem being faced by many assessees. The reasons are multiple. Either the concerned deductor has not filed TDS return or if filed it has not mentioned correct PAN of deductees. So online verification is not possible in such cases.
Please get registered with NSDL for online viewing of form 26AS i.e.statement of tax deposited on your behalf. There you will be able to verify the TDS credited to your account and in absence can directly tak up the matter with deductor for updation/ correction of its TDS return.
If TDS has been deducted and a certificate has been issued to you, in no circumstances its credit can be declined. If the AO does not budge file appeal or take up the matter with Ombudsman.
soumitra basu
(Expert) 01 August 2010
See form no. 26AS at the department site.
Ask the deductor to file TDS return. If already filed ask them to revise.
