Withholding Tax -Refund
This query is : Resolved
27 December 2021
Dear Expert,
We want to know about Withholding Tax Refund from Indian Income Tax Department.
For example:
Our Income Tax Liability is Rs.50/- in a Financial Year, Our Withholding Tax is deducted Rs.70/- (from DTAA country). Can we get Rs.20/- from Income Tax Department?
And what will happen to this Rs.20/- ???
We want to know about Withholding Tax Refund from Indian Income Tax Department.
For example:
Our Income Tax Liability is Rs.50/- in a Financial Year, Our Withholding Tax is deducted Rs.70/- (from DTAA country). Can we get Rs.20/- from Income Tax Department?
And what will happen to this Rs.20/- ???
27 December 2021
No such refund you will get it from Income tax department.
Relief of income tax payable in India only can be claimed against foreign witholding tax.
Entire 70 witholding tax goes to the country witheld the tax.
Relief of income tax payable in India only can be claimed against foreign witholding tax.
Entire 70 witholding tax goes to the country witheld the tax.
28 December 2021
Sir, can we claim withholding tax credit for the total tax payable in the financial year or only in the project on which withholding tax has been deducted or only, please clarify it.
28 December 2021
Only in the project on which withholding tax has been deducted.
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