TDS 194 IA - Excess TDS deduction

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  1. V Kumaraguru

    V Kumaraguru New Member

    I have purchased a property through a home loan .As i requested , Bank made the payments to the builder though cheques .But ,Both bank and Builder have deducted TDS for the payments,which led to excess TDS payment , i want to know

    1.As Bank disburses the payment (The originator of the transaction), they should be the one who deduct TDS ,not builder .Am i right?

    2. Does builder have right to deduct TDS without my consent/confirmation?

    3. Is there any way out to get the excess back? How complicated the process is?
     
  2. ZED

    ZED Well-Known Member

    But the bank was not supposed to deduct the tax.
    Ask the bank why have they deducted it.
     
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