Assessment-undisclosed income, tds, deduction-refund ?
This query is : Resolved
13 November 2013
Hello everyone,
one of my client was issued notice for assessment. On going through records i found that income of Rs.300000/- from house property and TDS rs.30000/- was not included in the return of income.
also there was housing loan interest (on let out property) rs.550000/- but only rs.150000/- was claimed in the return of income.
No i have computed the total income tax tax correctly and there is refund of Rs.60000/-
My question
Will assessing officer grant refund to my client in the assessment?
one of my client was issued notice for assessment. On going through records i found that income of Rs.300000/- from house property and TDS rs.30000/- was not included in the return of income.
also there was housing loan interest (on let out property) rs.550000/- but only rs.150000/- was claimed in the return of income.
No i have computed the total income tax tax correctly and there is refund of Rs.60000/-
My question
Will assessing officer grant refund to my client in the assessment?
13 November 2013
file revised return. AO will grant the refund after due scrutiny.
Message likes :
1 times
14 November 2013
Return cannot be revised now since due date for revised return has expired.
AY 2011-12 case.
AY 2011-12 case.
14 November 2013
in such a case, you make disclose the additional details during the course of the assessment.
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