Assessment Completed u/s 147 of the IT Act
This query is : Resolved
11 April 2025
ASSESSMENT COMPLETED U/S 147 OF THE IT ACT WITH DEMAND OF NILL. IN SUCH CASE TDS AMOUNT OF THE ASSESSEE IS TO BE REFUNDED OR NOT?
11 April 2025
The assessment would have been considered based on the TDS amount, so no question of any refund or demand.
12 April 2025
nil demand only means that no new tax is due. check the computation sheet. Only if they have not considered credit for the taxes already paid, there could be a case for request for rectification and subsequent refund of excess credit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING SECTION 43B 1 H
- Flat purchase in name of myself,my wife and son
- Tax on Goodwill on LLP
- Procedure to surrender export incentive
- Capital Gain Tax & Exemption us 54
- Reverse charge on commercial property
- 26Q TDS UTILITY IN NSDL TIN LATEST UTILITY DOWNLOAD LINK
- Regarding Section 40A
- Subject: Clarification on Cost of Acquisition and Capital Gains Tax Treatment for Tata Chemicals and
- Update ITR
- HRA Exemption taken in income tax return
- Drafting Grounds of Appeal under Service Tax
- TDS on Crypto section 194S
- GST Practitioner Details
- MSME Reporting in 3CB-CD
- SECTION 50AA SHORT TERM CAPITAL GAIN IN CASE OF MLD
- GSTR 3B and GST Challan payment
- How to surrender Duty Drawback
- ITC Reversal & re-claim statement [FY 2023-24]
- Regarding required stamp
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
