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Farhaad Jiwani (Querist)

09 August 2014 Sir/madam,

Assessee has filed return of AY 12-13 on 31/07/2012 ie. u/s 139(1), mistakenly assessee calculated the tax as per normal resident individual instead of claiming slab benefit of senior citizen, due to which his final refund amount is reduced by Rs. 7,209/-(after advance tax & TDS deducted by employer). Afterwards he found his mistake byhimself & for that he had made application u/s 154 for increased refund instead of filing revised return for the same. Income tax department made a refund considering his return filed on 31/07/2012 u/s 139(1) on 12/02/2013.
my question is what remedy is available to assessee for getting increased refund of Rs. 7,209/-?? as time limit for filing revised return is also not available to assessee at current date.

Regards & Thank you in advance.
FARHAAD JIWANI.

Nikhil Kaushik

Nikhil Kaushik (Expert)

09 August 2014 it is a mistake apparent from record. So again file rectification application...if the same is again not properly disposed off, approach higher authorities under section 119(2).

Farhaad Jiwani

Farhaad Jiwani (Querist)

09 August 2014 Thank you Sir for quick reply to my query.

Regards & Wishes
FARHAAD JIWANI.

Farhaad Jiwani

Farhaad Jiwani (Querist)

09 August 2014 Sir, Just one thing to ask more, can assessee make application u/s 154 of income tax act for 4 years from the end of relevant AY??

Thank you Sir for quick reply to my query.

Regards & Wishes
FARHAAD JIWANI.

Nikhil Kaushik

Nikhil Kaushik (Expert)

09 August 2014 the four years are counted from the end of the year in which assessment order is passed. once this limit has expired, 154 application cannot be filed.

Farhaad Jiwani

Farhaad Jiwani (Querist)

10 August 2014 Thank you Sir

FARHAAD JIWANI

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