Hi,
How to claim refund of tds which was deducted on salary, actually the person is exempted from paying income tax as per Sec.10(26) of Income Tax Act and there is no option in either IRT form for claiming Refund for the Same.
9 Replies
Rohit Kumar
(CA FINAL)
(36 Points)
Replied 05 July 2017
If your Salary is below from the maximum amount not chargeable to tax,refund can be claimed by filing ITR-1.
Zofor
(student)
(27 Points)
Replied 05 July 2017
TDS was deducted by Employer and the above limit is also crossed
Rohit Kumar
(CA FINAL)
(36 Points)
Replied 05 July 2017
File ITR-1 for claiming Refund of Tds already deducted.
Zofor
(student)
(27 Points)
Replied 05 July 2017
In ITR-1 there is no option of showing income exempt from tax u/s 10(26), yes there is a option of showing exempt income but this is only for reporting purpose.
for example if salary income is 370000 and if we entered this amount in salary account then this will calculate amount that is tax payable not refund. suppose TDS is 5000
Poltu Ghosh
(Job)
(1865 Points)
Replied 05 July 2017
This is one of the greatest flaw of CPC which does not process a return if no income is offered but TDS is claimed.
Poltu Ghosh
(Job)
(1865 Points)
Replied 05 July 2017
You can do one thing. File the return with zero salary income. Report the exempt salary as required. Claim the TDS. If the return is processed then it's all right. If you receive any defective notice then just file a reply that it is not a defect.
Poltu Ghosh
(Job)
(1865 Points)
Replied 05 July 2017
I have talked about the issue with one expert. He advised me to fill the Daley amount as zero, report the exempt amount as required and also to fill zero in schedule TDS as Income from salary. Claim the TDS and you will get the refund
lzote
(banker)
(25 Points)
Replied 28 November 2017
has anyone tried the suggestion of poltu ghosh ji??
Zofor
(student)
(27 Points)
Replied 20 April 2018
No, my salary is abt 5 lakh something and my employer already deduct TDS
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