Income Tax
This query is : Resolved
Mrinalini Parulekar
(Querist)
18 November 2009
1.Is it compulsory to file claim of refund?
2.What is meant by Pay-As-You Earn Scheme?
2.What is meant by Pay-As-You Earn Scheme?
Ankit Garg
(Expert)
18 November 2009
It is mandatory to file return for refund.
You may also file belated return u/s 139(4).
You may also file belated return u/s 139(4).
18 November 2009
1. return is required to be filed.
2. it is another name of advance tax.
2. it is another name of advance tax.
CA. Rishabh Mittal
(Expert)
18 November 2009
It is mandatory to file return u/s 139 as your Gross Income is liable to tax. No matter, your tax has been deducted at source. Now, you have an option of filing belated return only & that too anytime before 31.03.2010 otherwise it would attract the penalty of Rs 5000. Pls note that belated return can't be revised, so please file the return with utmost care.
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