When refund will be received

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2013 My father retired in the month of August 2012 thereafter he rejoined DDA on contract basis his TDS was deducted on the basis of basic exemption of Rs.200000 instead of Rs.250000 as available to senior citizens.

His refund due is Rs.5000 and return is filed before due date. By what time this refund will be received???????

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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10 November 2013 TDS under contract nature sec.194C threshold limit is Rs.50000/- for one time payment or Rs.75000/- for aggregate billing

If you filing the return online means refund process will be fast you can check the status in online login itself

Querist : Anonymous

Querist : Anonymous (Querist)

11 November 2013 Mr.Ramesh Krishnan i am talking about TDS on salary under section 192....contract kaha se bich me aa gaya 194C ki bat to kahi hi nahi mene

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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11 November 2013 your query clearly stated that he is under contract basis. where there is no employer & employee relationship is not there, then that salary is not covered under sec.192 tds on salary.

so the salary received on contract employment will be treated under sec.194C only unless he is doing professional work incase professional work it will come under sec.194J

Querist : Anonymous

Querist : Anonymous (Querist)

12 November 2013 i dont agree with contracual employment also covers in employer employee relationship and tds would be deducted under section 192

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 November 2013 please provide any such justification provision and correct me incase any wrong in my opinion.

Querist : Anonymous

Querist : Anonymous (Querist)

13 November 2013 Sir aap hi batao agar 194c me consider karenge tds amount ko to assessee ko ITR-4 bharni hogi but he is working as an employee and not working as a businessman in DDA...