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Tds refund

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Querist : Anonymous

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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...

28 January 2014 Yes. If the TDS is more than your tax liability, claim refund in the return.

28 January 2014 Yes you can claim refund since your tax liability is nil.

Thx

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

28 January 2014 SORRY YA YOU CAN I THOUGHT TDS IS NOT YET DEDUCTED


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