TDS from Commission Amount

1. 

   sandip
   

   new member
   Joined: Jul '09
   Posts: 2

   Reputation:4

    

   If the TDS amount deducted from the commission is not reflected in the TDS certificate or the TDS certificate has not been issued by the life insurance company, what should be the procedure to claim the same as refund from Income Tax Authority???

   Posted 2 years ago #
2. 

   laloo
   

   new member
   Joined: Jun '09
   Posts: 4

   Reputation:4

    

   You cannot claim refund of TDS amount in absence of TDS certificate from the deductor.

   Posted 2 years ago #
3. 

   devanand
   

   senior admin
   Joined: Jun '09
   Posts: 94

   Reputation:97

    

   Hey Sandip,

   Firstly,
   If the tax deducted at source are not reflected in the TDS certificate, u need to bring the same into the notice of your deductor insurer.

   Secondly, for speedy action u may also give them the details of payment received and break-up of deduction made by them against the respective payments.

   Thirdly, if they fail to issue u the certificates then there may be a possibility of error in their system or accounts department failure in forwarding the amount deducted from your account to IT department.

   In all the above cases, u need to obtain the TDS cert. and submit the return for LFY within 31st July 2009 without which u are not entitled to get refund of the deducted amount.

   further, if ur insurer is not responding to your request u may have to bring 2 their notice that u would be approaching TDS Assesment Collector and appraising him with the issue for necessary action by their department against such irresponsible insurer.

   Now u have to decide whether u would like to follow this path or otherwises.

   hope ur issue is dealth with

   IBS

   Posted 2 years ago #

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