Withholding Tax -Refund

This query is : Resolved

Aryan (Querist)
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27 December 2021 Dear Expert,

We want to know about Withholding Tax Refund from Indian Income Tax Department.

For example:
Our Income Tax Liability is Rs.50/- in a Financial Year, Our Withholding Tax is deducted Rs.70/- (from DTAA country). Can we get Rs.20/- from Income Tax Department?

And what will happen to this Rs.20/- ???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 December 2021 No such refund you will get it from Income tax department.
Relief of income tax payable in India only can be claimed against foreign witholding tax.

Entire 70 witholding tax goes to the country witheld the tax.

Aryan

Aryan (Querist)
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28 December 2021 Sir, can we claim withholding tax credit for the total tax payable in the financial year or only in the project on which withholding tax has been deducted or only, please clarify it.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 December 2021 Only in the project on which withholding tax has been deducted.

Aryan

Aryan (Querist)
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28 December 2021 Ok Thank you so much.

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