Income Tax Return

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 March 2010 I am a contractor in a company, i received Rs. 13,92,000 after deducting tds of Rs. 14000/-
Can i get refund of TDS deducted by the company and how to file income tax return & in which form.




Regards

Ravinder Kushwah

22 March 2010 Yes, you can surely get refund of Income tax deducted at source, but you need to satisfy the tax requirements that your income is not taxable or is below taxable limit. And in this case, you need to file income tax return under the head " Business & Profession" in ITR 4.

23 March 2010 gross receipt - 1406000 taxable income u/s 44AD - @8% of Gross receipt i.e. 112480
below taxable limit.

file itr 4 and claim refund




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