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Will dividend TDS be refunded if overall is not taxable?

Tax queries 298 views 4 replies
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NA
216 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)
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Chartered Accountant
24588 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
129 Reply
On 05 February 2021 at 06:42
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Chartered Accountant
86505 Points Posted on 05 February 2021
Yes same is available.
814 Reply
On 05 February 2021 at 10:27
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55 Points Posted on 05 February 2021
Yes you will get your refund after filling return on time
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On 05 February 2021 at 10:50
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15 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
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On 05 February 2021 at 18:26


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