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Is TDS paid on dividend income refundable if below taxable income?

Gopi (Engineer) (123 Points)

05 August 2022

If there's a TDS on dividend income and if the taxable income is below the threshold, say Rs 2 lakhs,

would the TDS withheld by dividend paying companies be refundable?

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6 Replies

CA Raj Doshi (Practising CA) (8778 Points)
Replied 05 August 2022

Yes. refundable only by filing ITR and claiming the TDS credit.

Gopi (Engineer) (123 Points)
Replied 05 August 2022

Thanks. That's what I thought.

But my account says TDS on dividend (for NRIs) is payable irrespective of income and can't be refunded.
So, I ended up not getting a refund for the TDS though my income was below the threshold. Is there an option to amend the return to claim the TDS?

1 Like

CA Raj Doshi (Practising CA) (8778 Points)
Replied 06 August 2022

Yes. Revised Return can be filed.

Regards,

CA. Raj Doshi

*R C D & Co.*

*Chartered Accountants*

*Understanding Entrepreneurs, Transforming Businesses*

*Linkedin* - https://www.linkedin.com/in/ca-raj-doshi-5b390777/

*Website* - www.rcdco.in

*Email* - raj @ rcdco.in

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CA Rashmi Gandhi (Chartered Accountant) (86275 Points)
Replied 06 August 2022

File Revised return and claim refund

1 Like

sabyasachi mukherjee (26120 Points)
Replied 07 August 2022

Assesment year is not mentioned. dates are over or not we know.So the querist has not mentioned the details. pls note explicit information is not required.