Tds deducted on gift under section 194b
This query is : Resolved
Krushant Kachwala
(Querist)
02 August 2014
Is it possible to get refund of TDS deducted U/S 194B that is at special rate 30%.
Nikhil Kaushik
(Expert)
04 August 2014
no.. that is the minimum tax liability you gotta bear on such income...so no tax refund possible.
however, if the total income is below Rs 5 lakhs, 87A rebate shall still be available
however, if the total income is below Rs 5 lakhs, 87A rebate shall still be available
Krushant Kachwala
(Querist)
04 August 2014
Thank you Nikhil Kaushik and Associates
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