banner_ad

Tax on salary not received

This query is : Resolved 

28 September 2020 An assessee being a director of a listed Company, had received salary more than the limit as per Companies Act, 2013 pending Central Government approval and paid tax on the same appropriately in AY 2014-15 and AY 2015-16. Subsequently, as the Central Government approval could not be procured, the assessee had repaid excess salary to the Company. However, TDS on the higher salary was deducted by the Company and the entire excess salary received, was paid back by the assessee to the Company. What is the recourse available to the assessee to claim Income tax refund now as tax was paid on income which is returned back by the assessee ? Can a revised return or any grievance petition be filed online ?

Thanks in advance.

28 September 2020 When the excess salary paid back.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details