Income tax refund 2007-08 ay
This query is : Resolved
09 January 2014
my client has filled return manually at that time but tax preparer has filled wrong tds details because of which i havnt recvd the refund (5lacs) now what remady i have to get that refund .
09 January 2014
file a rectification application if the four year period has not elapsed since the year of assessment order (i believe the period must have expired)
So, the alternative is section 119(2):
1.claim refund by filing Condonation Petition u/s 119(2)b of IT Act, stating the facts of the case;
2.Enclosed Evidence of TDS
3.State the computation of Income for the Year relevant alongwith copy of the return and the assessment order. Mention prayer for condonation for delay in filing rectification application.
4. Its totally depends on CIT or CCIT or CBDT making an order of condoning delay Power of Condoning
01. CIT upto Rs. 1 Lacs.
02. CCIT upto Rs. 5 Lacs.
03. CBDT Above Rs. 5 Lacs.
Read more at: https://www.caclubindia.com/forum/refund-of-a-time-barred-it-return--276076.asp#.Us6xy_v364E
So, the alternative is section 119(2):
1.claim refund by filing Condonation Petition u/s 119(2)b of IT Act, stating the facts of the case;
2.Enclosed Evidence of TDS
3.State the computation of Income for the Year relevant alongwith copy of the return and the assessment order. Mention prayer for condonation for delay in filing rectification application.
4. Its totally depends on CIT or CCIT or CBDT making an order of condoning delay Power of Condoning
01. CIT upto Rs. 1 Lacs.
02. CCIT upto Rs. 5 Lacs.
03. CBDT Above Rs. 5 Lacs.
Read more at: https://www.caclubindia.com/forum/refund-of-a-time-barred-it-return--276076.asp#.Us6xy_v364E
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
- Supply through E-commerce Operators
- Sales return eway bill
- Rent lease agreement
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- SGST balance is there in credit ledger how to adjust for cgst
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- 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
CAclubindia
