Bijoy (Working ) (127 Points)
12 March 2012Dear Friends,
My income is from brokerage after deducting the TDS. Kindly clear my below mentioned points.
1. Is it necessary to file a return as the income does not exceed the Taxable Limit ?
2. If so, Which form should be used?
3. Can i claim for refund, the tax which has been already deducted?
Note: - (No other income, Having Form 16A, Annual Brokerage income is Rs 120000)
Kindly assist friends
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 12 March 2012
Aman Mehta
(CA Qualified CMA Final and CS Executive)
(63 Points)
Replied 12 March 2012
You must file your return to get the refund. And don't forget to go through your 26AS before filing your return.
CAclubindia
