Tds claimable in updated return
This query is : Resolved
Quick Summary
P.Madhivadhanan
(Querist)
27 March 2025
An assessee have income during the assessment year 2023-24 Rs.425750. He had Tds credit of Rs.4200. Here after rebate u/s 87A , his tax liability is NIL. But he have to pay fees u/s 234F Rs.1000.
For this he can utilise Rs. 1000 out of TDS Rs.4200 and the balance Rs.3200 not claimed as refund or claim refund. As per updated return no possiblity of claiming refund.
In this situation whether we can utilise Rs.1000 to pay 234F fees or instead of utilising tds for paying fees u/s 234F we have to pay Rs.1000 as self assessment tax.
For this he can utilise Rs. 1000 out of TDS Rs.4200 and the balance Rs.3200 not claimed as refund or claim refund. As per updated return no possiblity of claiming refund.
In this situation whether we can utilise Rs.1000 to pay 234F fees or instead of utilising tds for paying fees u/s 234F we have to pay Rs.1000 as self assessment tax.
Dhirajlal Rambhia
(Expert)
27 March 2025
You need to pay late fees of thousand rupees, TDS not claimable in any manner.
Dhirajlal Rambhia
(Expert)
30 September 2025
Good luck....
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