The deductor needs to deduct the Tax (TDS) and file return is a quarterly statement with the Income Tax Department (ITD). The deductor can track the status of their TDS refund through the TIN NSDL portal.
Steps to Track TDS Refund Status
- Visit the TIN-NSDL portal
Click on Services > Status of Tax Refunds option from the dashboard on the TIN-NSDL portal.
- Click on the “Status of TDS Refunds” option
It is under the “Status Tax Refunds” section.
- Enter the TAN, Assessment Year and Captcha Code
On the “Refund Tracking” page. Click on the proceed to check the status.
FAQs
Quoting of TAN is mandatory in TDS and TCS returns. The returns, whether in paper or electronic format, will not be received in case the TAN is not quoted.
The refunds dispatched through the speed-post can be tracked by the tracking number. This tracking number is provided on the refund status track view on TIN NSDL. The taxpayer can also contact the local post office with the tracking number as displayed on the TIN NSDL.
The TDS u/s 195 had been deducted on interest income paid to NRIs at the time of determining refunds u/s 244A. For more details, you can contact the Assessing Officer of Ward where you have filed your return/CPC Bangalore in case of return filed online.
Hey @Joe_Fernandes ,
Thank you for reaching out to us!
You need to keep in mind following dates for TDS Return filing:
Penalty Under Section 234E is levied in case you miss out on filling TDS return on time. The penalty of INR 200 per day is levied on the taxpayer till the day on which return is filed. Provided that the amount of Penalty should not exceed the number of TDS payable.
Hope this helps!
Hi @Neel
If you have already filed an online correction return by adding the correct challan details, you should wait for the department to process the same. If your correction gets processed successfully then your demand will get nullified otherwise you can go ahead and file the offline correction.
Hope this helps.
When should TDS be deducted, at the date invoice was issued, at the time of payment, or at the due date of making payment for the invoice?
Hi @phoenix
TDS is to be deducted when a payment is due or when an actual payment is made whichever is earlier.
Hope this helps!
Hi @np16
If your rental income for a year exceeds INR 2,40,000 (INR 1,80,000 till FY 2018-19), TDS is deducted by the tenant. However, if your total income including rent is not taxable then you can submit Form 15G / 15H to the tenant to save yourself from TDS deduction.