regarding form 15g
This query is : Resolved
30 April 2016
My client income from fds is more then 250000.so according to new rule form 15g is not been accepted by bank and tds is being deducted.Is there a way by which my client can get this tds amount which is deducted back.
30 April 2016
Hi Ritika,
Once you file the ITR of your client and will calculate the Total Tax Liability and is such liability is less than the total tax deducted then only you can get the TDS deducted back.
In one line you cant save the TDS by filing 15G you need to file the ITR and then claim refund.
Thanks!
Once you file the ITR of your client and will calculate the Total Tax Liability and is such liability is less than the total tax deducted then only you can get the TDS deducted back.
In one line you cant save the TDS by filing 15G you need to file the ITR and then claim refund.
Thanks!
30 April 2016
If the total amount of interest income is expected to exceed Rs. 2.50 lakh then you cannot submit this form 15G. False submission may attract penalty. File the return and claim extra TDS as refund.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Disclaimer - Before making any decisions do consult the experts. We do not take any responsibility for misrepresentation or interpretation of act or rules. Neither we nor the firm accepts any liability for the loss or damage of any kind arising out of information in this document or for any action taken in reliance there on.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Disclaimer - Before making any decisions do consult the experts. We do not take any responsibility for misrepresentation or interpretation of act or rules. Neither we nor the firm accepts any liability for the loss or damage of any kind arising out of information in this document or for any action taken in reliance there on.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
