Return filing
This query is : Resolved
25 June 2016
Is it mandatory to file return of income if TDS under section 194C is deducted? But the total income of the assessee does not exceed exemption limit for the AY 2014-15
25 June 2016
Yes where total income before Chapter VIA deductions not exceeded basic exemption limit return filing not mandatory
26 June 2016
As per the Income Tax Act, it is mandatory for you to file an Income Tax Return in India if :
Your gross total income (before allowing any deductions under section 80C to 80U) exceeds Rs.2,00,000 in the financial year that begins on 1st April 2013 and ends on 31st March 2014.
or
if you want to claim refund of TDS.
In your case Gross income is not exceed from exemption limit therefore no need to file ITR but as per personal advice Assesse should always file ITR because it will help during the time of loan.
Regards
CA Ankit Sachdeva
ACA, B.COM
For more Detail send mail to : ankit.k.sachdeva@gmail.com
Your gross total income (before allowing any deductions under section 80C to 80U) exceeds Rs.2,00,000 in the financial year that begins on 1st April 2013 and ends on 31st March 2014.
or
if you want to claim refund of TDS.
In your case Gross income is not exceed from exemption limit therefore no need to file ITR but as per personal advice Assesse should always file ITR because it will help during the time of loan.
Regards
CA Ankit Sachdeva
ACA, B.COM
For more Detail send mail to : ankit.k.sachdeva@gmail.com
26 June 2016
can we claim TDS refund in case of section 194C
21 July 2025
Yes, you can claim a TDS refund under section 194C if the tax deducted is more than your actual tax liability.
Here’s how it works:
Section 194C deals with TDS on payments to contractors or subcontractors.
If TDS is deducted by the payer and deposited with the government, but your actual tax liability is less (or zero, in case your total income is below taxable limits), you can claim the excess TDS as a refund.
To claim this refund, you need to file your Income Tax Return (ITR) and show the TDS amount (as per Form 26AS or TDS certificates).
The Income Tax Department will verify and process the refund accordingly.
Key points:
Always keep your TDS certificates (Form 16A) or check your Form 26AS for TDS credits.
Refund is possible only if TDS is actually deducted and deposited.
Filing a correct and timely Income Tax Return is essential to get the refund.
Here’s how it works:
Section 194C deals with TDS on payments to contractors or subcontractors.
If TDS is deducted by the payer and deposited with the government, but your actual tax liability is less (or zero, in case your total income is below taxable limits), you can claim the excess TDS as a refund.
To claim this refund, you need to file your Income Tax Return (ITR) and show the TDS amount (as per Form 26AS or TDS certificates).
The Income Tax Department will verify and process the refund accordingly.
Key points:
Always keep your TDS certificates (Form 16A) or check your Form 26AS for TDS credits.
Refund is possible only if TDS is actually deducted and deposited.
Filing a correct and timely Income Tax Return is essential to get the refund.
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