BUSINESS TAX SOLUTION
TDS Return/Refund
TDS refund arises when the tax amount deducted is higher than the actual tax liability. Many times it is seen that investment projections declared during the start of a financial year do not match with the actual investments made at the end of that year.
What is the Time Period for TDS Refund?
The TDS refund period depends on various factors. If you have filed the ITR details on time, it can take anywhere between three to six months to receive the refund. The refund period will also depend on completing the e-verification. If you do not receive your refund on time, you may check with your employer to verify the Form 16, contact your Income Tax Office, or get in touch with Ombudsman – Income Tax Department.
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