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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- TDS related Query_Liquidated Damages
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Long Term Service award taxability in hands of company
- Last year TDS Claim
- Free lancer income
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
