Actual tax is less than TDS. What to do?

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Actual tax is less than TDS. What to do?

What to do if tax was deducted but final tax liability turns out to be zero or lower than TDS?

Profile photo of  Sonal Kutade Asked By: Sonal Kutade 3 replies 2 helpful answers Last Updated: 2 months, 2 weeks ago
  • Profile photo of  Sonal KutadeSonal Kutade
    Participant

    What to do if tax was deducted but final tax liability turns out to be zero or lower than TDS?

  • Profile photo of Roohi RasheedRoohi Rasheed
    Moderator

    In such a case, the payee can claim the refund of entire/excess amount of TDS (as the case may be) by filing the return of income.

  • Profile photo of Roohi RasheedRoohi Rasheed
    Moderator

    You should file your annual tax return declaring all your income earned for the F.Y. and taxes deducted at source. You can get the refund of all the excess taxes deducted at source.

  • Profile photo of Amit Kumar BansalAmit Kumar Bansal
    Participant

    Great now worry about who to get your tax deducted back. All you have to do is to fill your return revealing all actual information and you will get your TDS back.

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