TDS is refundable?if yes or not give reason.
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
If the tax liability of any assesses is less than the amount
of TDS on the income received by him/her during an
assessment year, refund has to be claimed while filing the
Income Tax Returns. IT department will refund the TDS in
excess of asessees tax liability after assessment.
| Is This Answer Correct ? | 19 Yes | 4 No |
Answer / kalpana janardhan dudhate
TDS means Tax Deduction at Source
If income tax liability on income is less then TDS
Receivable So we apply for refund but the filling date is
must be before due date
for eg. my company income tax (IT) is 10k & TDS Receivable
is 15K so 5k Is excess tax & the last day for filling for
the company is 30th sep & i fill before 30th sep so this
refund is liable or i file my company return will go suppose
2 October so the tax refund will not liable to get from
income tax
Thanks
Regards,
Kalpana
8828142221
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / shashi kant
If the tax liability of any assesses is less than the amount
of TDS on the income received by him/her during an
assessment year, refund has to be claimed while filing the
Income Tax Returns. IT department will refund the TDS in
excess of asessees tax liability after assessment.
| Is This Answer Correct ? | 0 Yes | 0 No |
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