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Q. > Please Help: SCHOLARSHIP RECEIVE
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570 views • Question added Aug 06, 2011 • Income Tax • By sashi ,CA FINAL, ICWAI FINAL , North Delhi


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.

2 Answers

answered Aug 06, 2011 by CA. MANISH MALHOTRA , Delhi

Yes Refund can be claim.


answered Aug 08, 2011 by CA. Sachin Data , Alwar

yes dear....refund can be claimed in the given situation.


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Ashish Karundia

06-Aug-2011 , 10:45:05 pm

Yes, 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.

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Ashish Karundia

06-Aug-2011 , 10:45:06 pm

Yes, 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.

user

Ashish Karundia

06-Aug-2011 , 10:45:06 pm

Yes, 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.

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CA SUBHASH KR.

07-Aug-2011 , 04:09:49 pm

Definately, You can claim refund of TDS by filling return

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CA VIPIN GARG

08-Aug-2011 , 08:53:34 am

Yes, definitely you can claim as answered my other friends and respectables......

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sashi

09-Aug-2011 , 08:42:56 am

thanks sir,

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