Withhodling tax

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praveen (Querist)
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15 July 2011 I understand that withholding tax is a form of TDS.
But why do they have a different name.
How can we claim such amount.

hshivakumar

hshivakumar (Expert)
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15 July 2011 you can claim TDS after filing your income tax returns.

praveen

praveen (Querist)
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15 July 2011 Is it after filing the returns or in the returns that we have to claim.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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15 July 2011 Refund need to be claim & shown in return and amount you may get after department approved your return

Message likes : 1 times

praveen

praveen (Querist)
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16 July 2011 For example if i sell the shares allotted to me by my employer as joining bonus which is listed in the US and make a capital gain. Suppose i am a permanent resident of india and all my income is taxable in india.

As per the provisions the company (broker) has deducted some tax and is with the government. Based on the documents if i claim the refund / tax credit, how should i treat the income. Whether it will be treated as a transaction that has happened in India or as per the US tax laws.

Regards