Claiming refund of f.y.2008-09, 2009-10.

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Swati (Querist)
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10 December 2016 CAN I CLAIM REFUND OF F.Y. 2008-09 AND 2009-10 NOW??

IF SO, WHAT IS THE PROCEDURE?

NOTE : I DON'T HAVE INTIMATION UNDER SECTION 143(1).

ALSO CONSIDER THE APPLICATION FOR CONDONATION OF DELAY IN CLAIMING THE REFUND IS ALLOWED UPTO SIX YEARS FROM THE END OF ASSESSMENT YEAR.

CA SUNIL K GARG

CA SUNIL K GARG (Expert)
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10 December 2016 CBDT recently prescribed to allow income tax assesses to file their tax returns for six years. A tax payer can make a request to condone the delay in filing of return within six years from the end of the assessment year in respect of which the return is to be filed.
This circular provides for different authorities who can condone the delay based on the amount invoiced. Any application to condone the delay for claim amount of Rs. 50 lac or more has to be made to CBDT only. In case the amount of claim is between Rs. 10 lac and 50 lac the application will have to be made to the Chief Commissioner of income tax or Principal Chief Commissioner of Income tax. However, in case the amount involved is less than 10 lacs, the same can be entertained by either Principal Commissioner of income tax or commissioner of Income Tax.

For detail refer ; http://www.moneycontrol.com/news/tax/how-to-file-income-tax-returns-for-six-yearsclaim-refund_1715821.html?utm_source=ref_article

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Swati

Swati (Querist)
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10 December 2016 WE HAVE FILED OUR RETURNS ALREADY ON DUE DAYS....WE HAVN'T DELAYED FOR FILING...ISSUE IS OF CLAIMING REFUND ONLY.