TDS has Made U/s 194N( Cash Withdrawals) can be reflected in Form 26AS , and can we get refund this TDS?
CMA Poornima Madhava (CMA) 12 June 2021
You can get refund of such TDS provided you have no other tax liability. If there is any other liability, this TDS credit will be adjusted against such liability and you will be required to pay the balance tax.
Susmita Dutta, CA , CPA (CA ) 12 June 2021
You will get the refund after filing the Income tax returns...
vijaya kumar D 19 June 2021
Hi am salaried government employee
for financial year 2020-2021 i withdrawl more than 20 lakhs from bank and TDS from bank about 11675 rupees and it is showing in 26AS also i e amount credited 583647 rupees and tax deduct u/s 194N is 11675 rupees
Am trying to fill ITR 2 as ITR 1 not applicable for me
and i filled all datas but as soon validated i got error message
"Tds claimed but correspondence income has not offered for taxation
as per error if i add that amount credited in my income then am not able to refund by TDS which is deduct under section 194N
CMA Poornima Madhava (CMA) 19 June 2021
vijaya kumar D 30 June 2021
Now ITR 2 is available in online mode ,, but same error showing,,, income has to been offered for taxation how can we get refund amount which is deducted u/s 194N ,,??no validation error.but for verification it is showing error