Hello Friends,
My friend's has deducted income tax deuring the financial year 2013-14 Rs 6093/- and they have not suffience any investment that year. Have any chances of Tax refund from Income tax department . For reference purpose attached Form 16 here. Please help us .....
No dear,
As your tax liability was also same as the TDS deducted by the employer, you cannot claim refund. If you have shown other investments in ur return then u can claim refund.
Yes there is no possibility. If you make balance amount investments to claim 1 Lakh under Chapter VI-A probably there is a chance to claim refund to some extent but not entire TDS. I hope there is no Housing Loan Interest?
My friend has taken housing loan from Co-operative Society and taken another loan from office and this office is under GOVT Sector.
Ok if housing loan has been taken, then you can claim principal payment u/s 80C for the balance investment & interest payment u/s 24(b) upto Rs 1,50,000/-
In this case i guess you will have chance to get refund.
Housing loan will be considered. Loan from Office will and repayment of this will not be considered for the deduction.
CAclubindia
