TDS-FILING OF RETURN

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ramji (Querist)
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31 August 2009 I sincerely agree that my question earlier posted is not clear. I put it straight.

I have been getting a payment of Rs. 5000 every month towards maintaining the accounts of a Membership Club. As the amount exceeds Rs. 50,000 per annum, the Club deducts 2 percent TDS from the amount i.e. Rs. 100 every month. Though I do not have any other Income except the amount as stated above, I am not liable to pay IT because the amount received is within the Taxation Limit of Rs. 1,50,000/- But I do not want to bear the pains of filing the returns to get back the amount. Now, is it mandatory on my part to file personal IT return? I hope that this will be more clear. Please clarify.

CA Ravi Kumar Murugesh

CA Ravi Kumar Murugesh (Expert)
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31 August 2009 If you want TDS refund, you can file your IT return after getting PAN card.
I dont know whether you have PAN card or not.
You might have given your PAN number to the TDS deductor also.
As per new provisions, an higher rate of TDS is possible, if you have not submitted your PAN to the deductor.

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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31 August 2009 No it is not mandatory fior you to file the return but better to file it as there is no harm. Also you can reclaim amount deducted as TDS