Refund of tax
This query is : Resolved
03 March 2010
Hi all,
TDS was deducted on income..whichis excess of the tax what i have to pay....but ii failed to file the return...this has happend 2 year back.. can i get refund...if yes what is the procedure......can u pls give me the procedure
TDS was deducted on income..whichis excess of the tax what i have to pay....but ii failed to file the return...this has happend 2 year back.. can i get refund...if yes what is the procedure......can u pls give me the procedure
03 March 2010
Yes you can get refund by submitting return but you have to pay penalty of Rs.5000. So check out cost benefit analysis and then submitt return.
03 March 2010
you can not file your return prir to A.Y.2007-08 and for A.Y.2008-09 you can file latest by 31.03.2010 with penalty of Rs.5000/-
03 March 2010
If the return is not filled due date peanlty will be Rs.5000/ under sec.271F
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