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Tds refund information

Venkateshvarlu Reddy (Jr Accountant) (37 Points)

23 May 2016

Iam Individual Person My Salary is Below 1,00,000/- I Have 16 A Form Tds On Rent Section for Rs.6400/- is Deducted Can I Claim for Refund Please Guide Me

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Harshad Kanekar (Taxation and Accounts Executive) (314 Points)
Replied 23 May 2016

Sir,

You first need to file Income tax return. For it you have to compute you total income. If it is below taxable limit then claim for return. Check Form 26AS for any other income that you might have skipped. Since you have TDS from Rent, it is to be taken while calculation of total Income.

Also take income from Investment in Saving bank, FD, RD etc. If these incomes are found by Income tax department then they might send you notice. So first compute Total Income. and then think of Refund.

Regards,

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Venkateshvarlu Reddy (Jr Accountant) (37 Points)
Replied 23 May 2016

Sir I Have Computed My Total Income as Per Bank Statements Financial Year 15-16 Rs. 83,256/- is Getting to Me No InvestMents, Few FD's and I Feeded as Per Bank Satements But I Don't Know How to File IT Return Please Guide Me

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Harshad Kanekar (Taxation and Accounts Executive) (314 Points)
Replied 23 May 2016

Kindly visit Incometaxindiaefiling (online). Get yourself registered there with appropriate details. Then download respective ITR as per your Income and fill it accordingly to the best of your knowledge. If you are having any technical doubts, consult someone regarding it. After filing ITR, upload the XML file that will be generated during the process. You will get acknowledgement for filing ITR as soon as you upload the XML File. If you are eligible for Refund the Acknowledgement will show the same Accordingly and after assessment of your ITR you will get the refund with interest if no problem occurs.

If you need any other help contact me.

Venkateshvarlu Reddy (Jr Accountant) (37 Points)
Replied 23 May 2016

For Financial Year 16-17 One Doubt My Salary Income is 2,00,000/- Tds on Rent Rs. 25,600/- But Actually 16 A Form shows that 2,64,000/- is Credited But My Bank A/cs is Shows Rs.2,00,000/- Only Can I Claim for Refund for My Pan No Please Provide Information to Me or Contact Me 9000128751 (TS)

Harshad Kanekar (Taxation and Accounts Executive) (314 Points)
Replied 23 May 2016

Sir,

Get yourself registered at Incometaxindiaefiling. Then go to Form 26AS. You will know the details of TDS deposited against your PAN for the respective years. Accordingly check your Valuation as form 16A is calculated Quarterly while Form 26AS represents TDS Data for Whole financial year.