Can i receive refund after completion of assessment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2013 I have submitted my return of A.Y. 2012-13 on 31St July 2012, I received intimation for assessment for the same from CPC on 5th October 2012 as no refund no demand. Afterwards one of my bank in which I have F.D. deduct TDS for A.Y. 2012-13(although I have given form 15G to bank) and date of booking as reflect in 26AS is 29th October 2012. What is the remedy now? Can I take my refund by submitting revised return?

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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09 March 2013 If you already disclosed such FD interest income in your return for A.Y.2012-13 then file 154(1) rectification request along with claiming of TDS credit as refund i.e filling of TDS schedule with the details.

In case you not disclosed such FD interest income in you return for A.Y.2012-13 then file revise return along with the offering of such FD interest and TDS credit and claim TDS refund if any after the adjustment of any tax payable.

OM SAI SRI SAI JAI JAI SAI

Querist : Anonymous

Querist : Anonymous (Querist)

10 March 2013 Sir, But how I can file revised return / rectification request because my assessment has already been done on 5th october 2012 for A.Y.2012-13 whereas date of booking for TDS(for A.Y. 2012-13) is 29th october 2012. Is it allowable to claim refund after assessment has been completed?

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Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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10 March 2013 Don't worry you will receive refund file 154(1) rectification return.

OM SAI SRI SAI JAI JAI SAI

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