Excel for
Chartered Accountants
Traces-Online Request/Claim for Refund to Deductor of excess Tax Deducted at Source (TDS)
14-11-2013 | CA Ashutosh Lohani |
Deductors shall be required to register digital signature.
The detailed procedure for registering a digital signature has been given in e-tutorials at TRACES.
Download e-tutorials
>>
(a) Request or Claim of refunds for the period upto 31-3-2010
Refer circular no 2/2011
>>
as amended by circular no 6/2011
>>
(b) Request or Claim of refunds w.e.f 01-04-2010
Finance Act, 2009 introduced section 200A w.e.f. 01/04/2010 titled as "Processing of statements of tax deducted at source". The section provides that following manner in which the TDS returns shall be processed, refunds to be determined and intimation be issued.
Read text of section 200A
>>
Under the section CBDT was authorised to make scheme for centralised processing of TDS Returns for speedy determination of demands or refunds.
Accordingly, Govt, by Notification 11/2013 dated 19-02-2013 has inserted sub-rule 3A in Rule 31A of Income Tax Rules 1962 to provide the procedures, formats and standards for furnishing a claim for refund of excess TDS deposited by deductors.
Rule-3A
"A claim for refund, for sum paid to the credit of the Central Government under Chapter XVII-B, shall be furnished by the deductor in Form 26B electronically under digital signature in accordance with the procedures, formats and standards specified under sub-rule (5)."
View format of The Form26B
>>
Income Tax Department TDS website TRACES (TDS Reconciliation Analysis and Correcting Enabling System) has enabled the online filing of request for claiming refund of excess TDS deposited.
Steps for Claiming TDS Refund and filing form 26B online:
1. Login to TRACES >> . 2. Click on Statement/Payments > request for Refund
