194 nf

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Section 194N and 194NF are understood to be the same provision concerning Tax Deducted at Source (TDS). Refunds can be claimed through your Income Tax Return (ITR), provided there are no outstanding tax liabilities. This applies even if you are a taxpayer with salary income and TDS has already been deducted, as there are no specific restrictions preventing such claims.

suja pirama

suja pirama (Querist)
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16 July 2021 sir,
is sec 194 N and 194 NF are same. can refund be claimed in both.

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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16 July 2021 Yes, it is one and the same as I understand.
Refund can be claimed in the ITR provided there is no other tax liability.

suja pirama

suja pirama (Querist)
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17 July 2021 thank u madam. if a person is a tax payer and taxes are already deducted thru tds for his salary income, in that case also he can claim tds deducted under sec 194n a.

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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17 July 2021 Yes, no such restriction

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suja pirama

suja pirama (Querist)
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18 July 2021 thank u very much madam

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