Sachin (Service Man) (81 Points)
23 July 2014Hello Friends,
My friend's has deducted income tax deuring the financial year 2013-14 Rs 6093/- and they have not suffience any investment that year. Have any chances of Tax refund from Income tax department . For reference purpose attached Form 16 here. Please help us .....
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 23 July 2014
No dear,
As your tax liability was also same as the TDS deducted by the employer, you cannot claim refund. If you have shown other investments in ur return then u can claim refund.
V Prabhakara Rao
(Assistant Manager)
(106 Points)
Replied 23 July 2014
Yes there is no possibility. If you make balance amount investments to claim 1 Lakh under Chapter VI-A probably there is a chance to claim refund to some extent but not entire TDS. I hope there is no Housing Loan Interest?
Sachin
(Service Man)
(81 Points)
Replied 23 July 2014
My friend has taken housing loan from Co-operative Society and taken another loan from office and this office is under GOVT Sector.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 23 July 2014
Ok if housing loan has been taken, then you can claim principal payment u/s 80C for the balance investment & interest payment u/s 24(b) upto Rs 1,50,000/-
In this case i guess you will have chance to get refund.
Arif Ali
(Apt Co Advisory)
(1230 Points)
Replied 23 July 2014
Housing loan will be considered. Loan from Office will and repayment of this will not be considered for the deduction.
mizbah khan
(student IPCC)
(98 Points)
Replied 23 July 2014
CA Goutam Sharma
(Chartered Accountant in Practice)
(468 Points)
Replied 23 July 2014
CA Goutam Sharma
(Chartered Accountant in Practice)
(468 Points)
Replied 23 July 2014
CA Atul
(Tax Manager)
(294 Points)
Replied 24 July 2014
dileep kumar kadambala
(student)
(78 Points)
Replied 24 July 2014
surya tejas
(nil)
(30 Points)
Replied 25 July 2014
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