Refund under itr

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CA Akhilesh Kumar Kandpal (Querist)
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17 July 2017 Two Question -
1. Do we have to file any separate form for refund claim under income tax act or filling ITR is sufficient?
2. What is the time period of claiming refund? (One of my client who is an insurance agent has not filled his ITR since last 4 year,but tds has been deducted from his commission by LIC however his total income is below exempted limit. For how many years can i claim refund)

RAJA P M

RAJA P M (Expert)
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17 July 2017 1. ITR is the only way. 2. You can file and get refund for AY 16-17 and AY 17-18.

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RAJA P M

RAJA P M (Expert)
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17 July 2017 If TDS deducted for last 4years, he get notice from ITD for NMS. If he get notice then ll be file and get refund...

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CA Akhilesh Kumar Kandpal

CA Akhilesh Kumar Kandpal (Querist)
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17 July 2017 what is form 30....I have seen some posts on internet suggesting one should file form 30 for refund

RAJA P M

RAJA P M (Expert)
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17 July 2017 FORM 30 - Form 30 is basically a request that your case be looked into and your excess tax paid be refunded. Your income tax refund claim needs to be submitted before the end of the financial year. You claim needs to be accompanied by a return in the form (prescribed under section 139).

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