If TDS is more than Salary, how to file It return - Professionals - Taxation - TIK Share
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If TDS is more than Salary, how to file It return


Heena Golani

2013-10-12

If TDS amount is more than Salary Amount than how to file Income tax Return?

It won't validate

Reason Of excess TDS deduction is that comapny had paid excess remuneration than limit presceribed under companies act,1956. company tried for CG approval , but company didn't get CG approval. So whatever comapny had excess paid, transferred it to Director's loan A/c.

CA Pulkit Sharma

2013-10-14

The solution to your problem as per me is:

  1. Director should file the return and claim TDS of amount equal to Tax Liability.
  2. For remainin TDS, company shall write a letter to Concerned ITO and claim the refund of excess payment.

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CA Pulkit Sharma

2013-11-16

You can claim the Excess TDS from TRACES online.

Read How to claim TDS from Traces.

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