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Tds refund

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 January 2014 My Income is less than 5 Lacs, and my tax liability (gross) is coming to 1930, if i claim rebate u/s 87a, can i also claim refund of TDS earlier deducted from my salary. Please answer...
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AVTAR SINGH

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AVTAR SINGH (Expert)
28 January 2014 Yes. If the TDS is more than your tax liability, claim refund in the return.
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@VaibhavJ

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@VaibhavJ (Expert)
28 January 2014 Yes you can claim refund since your tax liability is nil.

Thx
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CA Deven

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CA Deven (Expert)
28 January 2014 NO....YOUR REBATE AMOUNT WILL GET RESTRICTED TILL THE AMOUNT OF TAX LIABILITY.

SEC 87A SAYS
REBATE AMT= 100% INCOME TAX OR RS. 2000/- WHICHEVER IS LESS
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CA Deven

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CA Deven (Expert)
28 January 2014 SORRY YA YOU CAN I THOUGHT TDS IS NOT YET DEDUCTED

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