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If i had deducted tds ,then it refunded or not?

our society had give some space to vodafone cell company to install cellsite , they pay lumsum of Rs.250000/- after deducting tax tds of Rs.51500/- they released the cheques Rs.198500/-, so we will eligible for refund sum of tds if so ,when we file refund claim ,and also refund claim filling time limits.

Your society has to file returns and claim refund. If the TDS is deducted this year, then you have to file your society returns next year and claim refund in next year returns.

u will be eligible for refund only when u file ur returns.

for this, u will have to prepare ur society's return and make a Income computation too and deduct the TDS from the tax liablitity and if there is any some is left thereafter, then u will surely going to get ur refunds.

if your society is required to get their accounts audited then the last date for filling the income tax return is 31 Oct 2008 otherwise 31 July 2008 to claim the refund for the TDS amount deducted during the current year

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