TDS is refundable?if yes or not give reason.
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Answer Posted / 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
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| Is This Answer Correct ? | 8 Yes | 2 No |
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