Tax treatment for interest on lac
Excellant Mind (1 Points)
23 March 2017Excellant Mind (1 Points)
23 March 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 23 March 2017
" Now how do we get refund for the tax deducted as the interest accumulation is for the period of more than 25 yrs."
As per section 119 of IT act, you can file ITR for last six years along with letter for condonation of delay, for the claim of refund.
Refer Circular 09/2015, as per link: https://incometaxindia.gov.in/communications/circular/circular9_2015.htm
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