Hi All,
I have been deducted with 10% TDS during Tata Motors DVR shares conversion to Tata Motors shares. Can the TDS amount be claimed during IT filing under any circumstances. Can anyone pls clarify me on this.
Regards,
Sam
You can fully claim and adjust the 10% TDS deducted on the Tata Motors DVR conversion when filing your ITR. Declare the deemed dividend under Income from Other Sources, claim credit for the TDS shown in Form 26AS/AIS, and you will receive a refund if the deducted TDS exceeds your total net tax liability.