• Partnership Firm Dissolved but TDS Not Claimed

Hi Experts, 
We have a partnership firm. We have been filling returns from last 20 years or so. On March 2015, one partner passed away and so partnership firm became a proprietor ship on remaining partner. We filed returned till March 2015.
Some government departments deducted TDS and in 26AS they are showing up in 2016 & 2017 also but we had not done any transaction after dissolution of firm. 
Now how do I claim refund of TDS deducted during last two years? Help me please. I am also ready to take your services.
Asked 6 years ago in Income Tax

Is the PAN of your partnership firm still active?

If yes then you can claim refund by requesting a condonation and filing Nil return and claiming refund.

I don't think government department will make such a mistake and deduct TDS in 2016-17 on transaction undertaken in 2015.

The amount on which TDS was deducted was shown as income in 2014-15?

You can still rectify your return for FY 2014-15 before March 2019 and claim TDS deducted and claim refund.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Naman Maloo
CA, Jaipur
4303 Answers
101 Consultations

Hi,

 

The best possible way is to ask the relevant department to revise their TDS return and show that TDS in the PAN of proprietorship concern.

Lakshita Bhandari
CA, Mumbai
5687 Answers
942 Consultations

Dear Sir,

 

Hope you are doing well !!

 

For calming refund, you need to write a letter to respective departments and requested them for revised their tds return.

 

 

Payal Chhajed
CA, Mumbai
5189 Answers
302 Consultations

Hi

 

To claim refund,you can file application to designated authority in Income tax department ,file a request for the same. You will get refund,but no interest will be paid.

 

 

Hope it helps

 

Swati Agrawal
CA, Mumbai
1146 Answers
7 Consultations

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