Tds claim refund

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2014 Dear Sir/ Madam,

There was a deduction of 133000/- toward TDS my wife Saving Bank Account for the FY 2011-12

my queries
1. do I need to file returns fy-2011-12 before 31/07/2014 ? can it be filed after this date.
2 would there be any penalty on the delayed filling of refund?
3. in case of a belated return how much time does it generally take for the refund to happen.
4. it is the procedure to file late returns same as than for normal return filling

Thank-you

please help me as soon as

tha

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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03 August 2014 Due date of Income Tax Return for Financial Year 2011-12 i.e., AY 2012-13 is well over.

Return of FY 2011-12 i.e., AY 2012-13 can not be filed since the same is time barred. Last date of filing belated return was 31.03.2014.

If it is a refund case and you want to claim the refund the only way is to invoke section 119(2)(b) i.e., application for condonation of delay. Once your application is accepted you can file return.

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