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Refund of Higher Tax deducted (Dividend)


27 May 2021 Dear Team,

My father and mother had not submitted their respective pan card details with the company and hence 20% tax was deducted from dividend directly by company in August 2020.
Now I understand that they can still claim an appropriate refund of tax deducted at higher rate from the department by filing revised return.
Can this be done by 31 May 2021.

Regards
Zubin

27 May 2021 Yes, it can be done by 31st May 2021

27 May 2021 That's possible but the TDS credit shall be successful only when the company corrects their TDS return and reports the PAN in their return along with 20% tax. Otherwise the amount is gone.


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