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TDS is refundable?if yes or not give reason.
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Answer Posted / h.r. sreepada bhagi
If the tax liability of any assesses is less than the amount
of TDS on the income received by him/her during an
assessment year, refund has to be claimed while filing the
Income Tax Returns. IT department will refund the TDS in
excess of asessees tax liability after assessment.
| Is This Answer Correct ? | 19 Yes | 4 No |
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