Delay in filling return.
This query is : Open
05 August 2013
Dear Experts,
I have a client, who couldn't file his Income Tax return for the A.Y. 2012-13 and he has refund. So, I would like to know that Could his return, for the A.Y. 2012-13, be filled now ? If yes, will he get refund amount for that year ?
Please suggest me.
Thanking Your
I have a client, who couldn't file his Income Tax return for the A.Y. 2012-13 and he has refund. So, I would like to know that Could his return, for the A.Y. 2012-13, be filled now ? If yes, will he get refund amount for that year ?
Please suggest me.
Thanking Your
05 August 2013
Now you can file as belated return u/s.139(4) and claim for refund, however penal interest u/s.234A will apply and penalty u/s.271F Rs.5000 may be initiated by the department
06 August 2013
Thank You very much sir for prompt response.
06 August 2013
But Sir... Interest U/S 234A is applicable on the amount shortfall in total income tax payable by the assessee.
As per me, It would not be charged in case of refund.
Please suggest.
As per me, It would not be charged in case of refund.
Please suggest.
06 August 2013
no int chg if late return filed and has refundable amount.
06 August 2013
Sec.234A apply on delayed filling of return. only sec.234B & Sec.234C depends on your tax payment. so interest u/s.234A will apply
09 March 2014
No 234A will be charged even if it is a belated return if there is a refund due to TDS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Suggestions required for income tax filing-software (FY 2025-26)
- STCG FOR GOLD ETFs
- E way bill for tractors
- LTCG for Assmt year 26-27
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
