04 August 2011
one of my clint has e filed his return for A.Y.-2011-12 on 1st aug 2011. where as due date was 31 july 2011. In his case refund rs. 25000 is due to him. now sir pls guide will he get refund even late filling of return?
04 August 2011
refund cannot be denied due to belated filing of return. it can be processed after attract the penal interest u/s.234A and penalty. refund will be adjusted with interest & penalty then will be paid
04 August 2011
Assessment Year is combination of 12th month in which 6 month is given for assessee for filling return and 6 month given to officer for further proceed
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