In the case of loss
This query is : Resolved
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
(Expert)
06 December 2016
Yes u can claim refund if u have paid excess advance tax, or if business had a loss
CA Suresh Jain
(Expert)
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 ?
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