TDS is refundable?if yes or not give reason.
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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