Will dividend TDS be refunded if overall is not taxable?

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NA
120 Points Posted on 05 February 2021

Dear Sir/Madam,

I have received some dividend income which is now taxable and some 7% TDS is already deducted by the company.

However if my total income with all sources considered is less than taxable amount, can I expect refund irrespective of the source of income i.e. even TDS on dividend I believe should get refunded?

Thanks

 

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On 05 February 2021 at 02:05 Report
Replies (4)
Quick Summary
If your total income, after considering all sources and eligible deductions, falls below the taxable threshold, you can indeed claim a refund for any Tax Deducted at Source (TDS), including that on dividends. This means any TDS already paid will be returned to you if your final tax liability is nil or less than the TDS deducted.

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Chartered Accountant
16188 Points Posted on 05 February 2021
You should calculate your total income by giving deductions if any and such tds shall be deducted and if there is balance payable then such amount shall be payable otherwise the excess balance shall be refunded to you
1 Reply
On 05 February 2021 at 06:42
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Chartered Accountant
44442 Points Posted on 05 February 2021
Yes same is available.
3 Reply
On 05 February 2021 at 10:27
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54 Points Posted on 05 February 2021
Yes you will get your refund after filling return on time
1 Reply
On 05 February 2021 at 10:50
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30 Points Posted on 05 February 2021
Yes you will get your refund in case your balance tax payable at the time of filing of return is Nil. If not, then you can claim such TDS credit by reducing it from your net tax payable
1 Reply
On 05 February 2021 at 18:26

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