refund & revised return
This query is : Resolved
25 June 2011
An assessee files his return of income regularly and that is before due date. He has made investment in bank's F.D.. He shows full bank's F.D. interest as his income. He files form No. 15-G regularly. Unfortunately bank has made TDS and issued Form No. 16-A for A.Y. 09-10, 10-11, and 11-12 in June, 2011. So my questions are :
(1) What remedies available to assessee to get refund ?
(2) As there is no change in income , can he files Revised Return to claim refund ?
(3) Whether for this purpose can he should revised the accounts ?
Note : Return of A.Y. 2011-12 is already filed.
(1) What remedies available to assessee to get refund ?
(2) As there is no change in income , can he files Revised Return to claim refund ?
(3) Whether for this purpose can he should revised the accounts ?
Note : Return of A.Y. 2011-12 is already filed.
26 June 2011
For AY 2010-11 & 11-12, you should revise your ITR so that income be included and TDS should be claimed
If income in TDS is included in the income filed in ITR, even then he can claim refund by filing REVISED return
If income in TDS is included in the income filed in ITR, even then he can claim refund by filing REVISED return
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Traces submitting correction statement error
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
