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Tds deducted on gift under section 194b

This query is : Resolved 

02 August 2014 Is it possible to get refund of TDS deducted U/S 194B that is at special rate 30%.

04 August 2014 no.. that is the minimum tax liability you gotta bear on such income...so no tax refund possible.

however, if the total income is below Rs 5 lakhs, 87A rebate shall still be available

04 August 2014 Thank you Nikhil Kaushik and Associates




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