Tds refund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 January 2014
My Income is less than 5 Lacs, and my tax liability (gross) is coming to 1930, if i claim rebate u/s 87a, can i also claim refund of TDS earlier deducted from my salary. Please answer...
AVTAR SINGH
(Expert)
28 January 2014
Yes. If the TDS is more than your tax liability, claim refund in the return.
Message likes :
1 times
28 January 2014
Yes you can claim refund since your tax liability is nil.
Thx
Thx
Message likes :
2 times
28 January 2014
NO....YOUR REBATE AMOUNT WILL GET RESTRICTED TILL THE AMOUNT OF TAX LIABILITY.
SEC 87A SAYS
REBATE AMT= 100% INCOME TAX OR RS. 2000/- WHICHEVER IS LESS
SEC 87A SAYS
REBATE AMT= 100% INCOME TAX OR RS. 2000/- WHICHEVER IS LESS
28 January 2014
SORRY YA YOU CAN I THOUGHT TDS IS NOT YET DEDUCTED
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