How to Claim Back TDS Successfully?

Learn how to claim back TDS by filing your ITR and ensuring proper deductions are credited to your PAN.

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Yes, TDS (Tax Deducted at Source) can be claimed back. To do so, file your income tax return (ITR) and mention the TDS amount. Ensure that the deductor has deposited the TDS to the government and credited it to your PAN on Form 26AS. If the TDS exceeds your tax liability, the excess amount is refunded by the Income Tax Department.

FAQs & Answers

  1. What is TDS? TDS (Tax Deducted at Source) is a means of collecting income tax in India, where tax is deducted by the payer before making the payment to the payee.
  2. How can I check my TDS amount? You can check your TDS amount by accessing Form 26AS through the Income Tax Department's website, which provides a consolidated statement of tax deducted and deposited.
  3. What should I do if my TDS amount is not reflected in Form 26AS? If your TDS amount is not reflected in Form 26AS, you should contact the deductor to verify the details and request them to rectify any discrepancies.
  4. How long does it take to get a TDS refund? The time taken to receive a TDS refund can vary but typically takes 2-6 weeks after the processing of your income tax return by the Income Tax Department.

Watch More

For more insights on income tax procedures and financial literacy, check out our related videos on 'How to File Your Income Tax Return' and 'Understanding Form 26AS'. These resources will further equip you with the knowledge needed to navigate the tax filing process effectively.

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