TDS has Made U/s 194N( Cash Withdrawals) can be reflected in Form 26AS , and can we get refund this TDS?
9 Replies
Sivaramaraju G
(Learner)
(2398 Points)
Replied 11 June 2021
Of course you will get refund by filing income tax return.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 12 June 2021
Yes TDS will be shown in 26AS and you can get credit of such TDS
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 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 )
(2141 Points)
Replied 12 June 2021
You will get the refund after filing the Income tax returns...
vijaya kumar D
(8 Points)
Replied 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
please helpme
Attached File : 3427824 20210619154435 img 20210619 051531.jpg downloaded: 148 times
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 19 June 2021
There seems to be an error in the utility/form itself. There is no income to offer against deduction of tax u/s 194N.
vijaya kumar D
(8 Points)
Replied 19 June 2021
thnq for your reply mam,,may be it ll resolve from IT Department soon,,
vijaya kumar D
(8 Points)
Replied 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
Dhruv Rana
(2 Points)
Replied 05 April 2023
Can i get refund of TDS u/s 194 N if i file return for F.Y. 2021-22 On the date of April 4th 2023
Recent Topics
- Authorization operate bank accounts signing
- Form 15CA for amount transfer
- TDS on March 25 Provisions
- Role of AI in CA Field
- How to generate purchase bills to investor for bil
- Composition scheme and Itc
- Has anyone tried Parag Gupta sir's 59 questions fo
- HSN CODE IS MANTADARY
- Gst number revocation chances
- Export under IGST Paid
Related Threads
CAclubindia
