In the case of loss

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Querist : Anonymous

Querist : Anonymous (Querist)

06 December 2016 TDS deducted on income and Advanve tax paid cab be totall refunded after filing ITR.

Sandeep Dharar

Sandeep Dharar (Expert)
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06 December 2016 Yes u can claim refund if u have paid excess advance tax, or if business had a loss

CA Suresh Jain

CA Suresh Jain (Expert)
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06 December 2016 The TDS deducted by the payer of income to you is treated as tax payment by you. In your case tax on Total Income which is negative, there is no tax and therefore entire tax paid will be refundable. One question, if your estimated income was negative then why did you pay Advance Tax ?