Please Wait transaction is in process, don't refresh page and do not press back button.
TDS return is a statement filed by the person or entity who has deducted tax at source, on behalf of the recipient of income. TDS Return is a process of filing tax deducted at source (TDS) returns with the Income Tax Department of India. The returns are filed by the employer on behalf of the employees who have been paid any amount from which TDS has been deducted. The returns are filed on a quarterly basis, and contain information about the salary of the employee, the amount of TDS deducted, and the amount of TDS deposited with the Income Tax Department.
The process for claiming a TDS refund involves filing a TDS return, which is a form that contains information about the tax you have paid, and then submitting it to the income tax department. Once the department has verified your claim, it will issue you a refund for the amount of tax you have overpaid.
A Individuals person who have already an account on the Income Tax e-filing website. Can check their TDS status by following the steps below:
First visit income tax Government website and Login to Income Tax e-filing by entering your personal details like username and password.
After login your account The following screen will appear. Go to E-File. Click on Income Tax Returns and select View Form 26AS in the drop-down.
Select this form option after which you will be redirected to the TRACES Portal
For Continue Click to proceed further. Select login button (Link) on left-hand side Mark creen.
On the next screen choose user as taxpayer / PAO
Checking TDS amount can be a daunting task for taxpayers. However, by using Form 26AS, the process can be simplified. Essentially, Form 26AS is a consolidated statement that provides a summary of the tax deducted on behalf of the taxpayer by reviewing this statement periodically, taxpayers can ensure that their TDS amount is accurately reflected and avoid any potential discrepancies. Moreover, by cross-checking the amount reported in the Form 26AS with the amount reported in the income tax return, taxpayers can avoid any potential penalties or fines. Therefore, it is crucial to review Form 26AS regularly and ensure that the TDS amount is correct.
Checking TDS amount can be a daunting task for taxpayers. However, by using Form 26AS, the process can be simplified. Essentially, Form 26AS is a consolidated statement that provides a summary of the tax deducted on behalf of the taxpayer by reviewing this statement periodically, taxpayers can ensure that their TDS amount is accurately reflected and avoid any potential discrepancies. Moreover, by cross-checking the amount reported in the Form 26AS with the amount reported in the income tax return, taxpayers can avoid any potential penalties or fines. Therefore, it is crucial to review Form 26AS regularly and ensure that the TDS amount is correct.
Accepted TDS refund status means that the Income Tax Department has processed your TDS refund and is ready to release the payment.
Rejected TDS refund status means that there was an error in your TDS refund claim and it has been rejected by the department.
However, you can rectify the error and reapply for the refund. Therefore, it is important to check the status of your TDS refund regularly to ensure that you receive your entitled refund amount in a timely manner.
| S.No. | Transaction Number | TAN / PAN No. | Form Name | Fiscal Year | Quarter | Date of Filing | Type of Upload | Token Number | Status of the Refund |
|---|---|---|---|---|---|---|---|---|---|
| 1. | XXXXXX | XXXXXX | 26Q | 2018-19 | Q1 | 14. 07.18 | R | XXXXXX | Rejected |
| 2. | XXXXXX | XXXXXX | 26Q | 2018-19 | Q1 | 14. 07.18 | R | XXXXXX | Accepted |
There can be several reasons for a delay in the receipt of TDS refund, such as incorrectly filed returns, mismatch in TDS details, non-compliance with tax laws, and technical issues. Therefore, it is important for taxpayers to ensure that their returns are filed accurately and in a timely manner, and that they comply with all tax regulations to avoid any delays in receiving their TDS refunds. Additionally, seeking assistance from tax professionals can also help in ensuring timely refunds.
TDS stands for Tax Deducted at Source (TDS). As per section 51, this provision is meant for Government and Government undertakings and other notified entities making contractual payments where total value of such supply under a contract exceeds Rs. 2.5 Lakhs to suppliers excluding GST.
While making any payments under such contracts, the concerned Government/authority shall deduct 2% of the total payment made (1% under each Act and 2% in case of IGST) and remit it into the appropriate GST account.
As per section 51 of the TSGST Act, 2017,
(a) a department or establishment of the Central Government or State Government; or
(b) local authority; or
(c) Governmental agencies; or
(d) such persons or category of persons as may be notified by the Government on the recommendation of the Council is liable for Registration as Tax Deductor under GST Act.
Yes. Government entity /public sector undertaking etc., engaged in commercial activity is supposed to get registered as TAX DEDUCTOR even though registered already as TAX PAYER.
The Government Department is required to take registration as a normal taxpayer only if engaged in commercial activities and make regular business as defined under section2(17) of the TSGST Act, and in such cases, the registration shall be obtained on the basis of PAN but Bank account is not mandatory. However, if it is not making any taxable supply of goods and/or services, it is required to register only as a deductor of tax at source on the basis of TAN/PAN.
As per Section 51(1) of the TSGST/CGST Act, 2017 following are the prescribed rate of tax:
1% CGST/ 2% IGST/
Where the value of taxable supply of goods or services or both exceeds under a contract Rs. 2.5 lakh excluding GST.
No need to deduct tax.
Excluding the amount of CGST /SGST/IGST/Cess components indicated in the bill.
Form GSTR-7.
Yes, there is remedy. Any excess or erroneous amount deducted and paid to the Government account shall be dealt for refund under section 54 of the TSGST Act, 2017. However, if the deducted amount is already credited to the electronic cash ledger of the supplier, the same shall not be refunded.