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.
06 December 2016
Yes u can claim refund if u have paid excess advance tax, or if business had a loss
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 ?
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
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
