E- filing

Save Share

This query is : Resolved

Vivek gupta (Querist)

06 May 2012 Respected Experts,

Case - ASSESSE (MOTHER) Didn't file the retrun from last Twelve years.

Staus- Resident, Woman, Widow (Husband died 12 years ago), Two Children one Girl age 16 years and Boy age 10 years

Assets
Mother: - House (Transfferd after her husband death), FDR

Daughter: - FDR, Recurring Deposit (made out of interest income of the FDR)

Boy: - FDR, Recurring Deposit (made out of interest income of the FDR)

Income Sources
Income Sources for Children: -
Interest on FDR, Recurring Deposit

Income Sources for Mother: -
Income from interest on FDR, House rent income.

TDS by Bank: -
Mother: - 2200 P.A
Daughter: - 4400 P.A
Boy: - 9663 P.A

Query: - Now, for How Many years we can file the returns for Mother and take the refund of TDS deducted?

How should we treat the income of Children and file the return and take the rufund of TDS deducted as TDS is deposited by the bank on the children PAN itself?

Can we use 15G form for the bank to not deuct their TDS?

Note: - After Clubbing all the incomes their income is never taxable from last Twelve years.

Amol S Joglekar

Amol S Joglekar (Expert)

08 May 2012 01. You can file for Asst. Year 2011-12 and onwards. 02. You can use the appropriate form for NON deduction of TDS. 03. For the earlier year's refund, you need to make a representation application to CBDT. In genuine cases CBDT instructs the concerned ITO to issue refund.

CA BIREN SHAH

CA BIREN SHAH (Expert)

08 May 2012 submit form no. 15G to bank so that bank will stop to deduct your TDS.

Prakash Kochar

Prakash Kochar (Expert)

23 May 2012 CBDT has issued a circular u/s. 119 for balated refund claim upto Rs. 100000/-
F No. 225/208/93/ITA-II dated 10-12-93
See 204 ITR (154-155 Sta)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now