Please Help: SCHOLARSHIP RECEIVE
Posted Date : 06-Aug-2011 , 09:14:44 pm | Posted By sashi
dear sir,
my friend recive scholarship rs 21600 (after deduct TDS rs 2400).my question is can i tds refund or not? Kindly clarify me. thanks in advance.
my friend recive scholarship rs 21600 (after deduct TDS rs 2400).my question is can i tds refund or not? Kindly clarify me. thanks in advance.
Category : Income Tax | Answers : 2 | Comments : 6 | Hits : 430
Answers
Answer By: CA. MANISH MALHOTRA
Yes Refund can be claim.
Answer By: CA. Sachin Data
yes dear....refund can be claimed in the given situation.
Comments
Ashish Karundia
06-Aug-2011 , 10:45:05 pmYes, you can claim the refunded t by filing ITR-1. It may be noted that scholorship income is exempt under Section 10 of Income Tax Act. None the less, the schlorship received is less than the initial exemption limit (i.e rs. 160,000/-), therefore,no question of taxing the same. I hope this serves your purpose.
Ashish Karundia
06-Aug-2011 , 10:45:06 pmYes, you can claim the refunded t by filing ITR-1. It may be noted that scholorship income is exempt under Section 10 of Income Tax Act. None the less, the schlorship received is less than the initial exemption limit (i.e rs. 160,000/-), therefore,no question of taxing the same. I hope this serves your purpose.
Ashish Karundia
06-Aug-2011 , 10:45:06 pmYes, you can claim the refunded t by filing ITR-1. It may be noted that scholorship income is exempt under Section 10 of Income Tax Act. None the less, the schlorship received is less than the initial exemption limit (i.e rs. 160,000/-), therefore,no question of taxing the same. I hope this serves your purpose.
CA SUBHASH KR.
07-Aug-2011 , 04:09:49 pmDefinately, You can claim refund of TDS by filling return
CA VIPIN GARG
08-Aug-2011 , 08:53:34 amYes, definitely you can claim as answered my other friends and respectables......
sashi
09-Aug-2011 , 08:42:56 amthanks sir,