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It refund claim for business/contrctors

ITR Filing 379 views 1 replies

WHILE MAKING PAYMENTS TO THE CONTRACTORS APPLICABLE TDS WILL BE DUDUCTED AND REMITTED TO THE INCOME TAX DEPARTMENT BY CONTRACTEE. AFTER GETTING FORM16A, A CONTRACTOR WHAT CAN DO FOR HIS TDS AMOUNT CAN BE REFUNDED WHEN HE IS NOT IN A TAX SLAB?

FOR TDS REFUND WHETHER HE SHOULD APPROACH A CA/TAX CONSULTANT OR HE CAN DIRECTLY MAKE FILLING TO GET REFUND?

WHAT IS THE THRESHOULD LIMIT AFTER THAT THE CONTACTOR MUST AUDITED HIS ACCOUNTS? 

Replies (1)
if the contractor can, then he can himself file return.. but i will suggest to contact any tax consultant or ca. tax audit will be necessary when turnover crosses 1 crore.


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