Income tax refund 2007-08 ay

This query is : Resolved

ANUBHAV (Querist)
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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 .

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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

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