Tds of last two financial years not claimed
This query is : Resolved
12 November 2013
Respective all seniors,
one of my friend is working as a insurance agent with LIC and TDS was for F.Y 2010-11, 11-12 and 12-13.
He has manually filled ITR for F.Y 2011-12 but refund has not received till date.
apart from that he failed to filled ITR for F.y 2010-11, and he have only agriculture income and income from Commission. income from commission is far below to exempted limit. can he claim the amount of TDS dedcuted for f.y 2010-11 in current years return or file ITR for F.Y. 2010-11.
what will be the process to know, why refund of F.y 2011-12 has not processed yet.
kindly suggest.
one of my friend is working as a insurance agent with LIC and TDS was for F.Y 2010-11, 11-12 and 12-13.
He has manually filled ITR for F.Y 2011-12 but refund has not received till date.
apart from that he failed to filled ITR for F.y 2010-11, and he have only agriculture income and income from Commission. income from commission is far below to exempted limit. can he claim the amount of TDS dedcuted for f.y 2010-11 in current years return or file ITR for F.Y. 2010-11.
what will be the process to know, why refund of F.y 2011-12 has not processed yet.
kindly suggest.
12 November 2013
For FY 2011-12, kindly follow up with the assessing officer.
For FY 2012-13, if you haven't filed the tax return yet, kindly file online. This helps in expediting the refunds
For FY 2010-11, you can apply for refund under section 119(2). but its a slow and complex procedure. Alternatively, you may request AO to issue 142(1) notice. You can file return in response to the said notice. However, the whole process would make sense only if the refund amount is big (which definitely is not the case here)
For FY 2012-13, if you haven't filed the tax return yet, kindly file online. This helps in expediting the refunds
For FY 2010-11, you can apply for refund under section 119(2). but its a slow and complex procedure. Alternatively, you may request AO to issue 142(1) notice. You can file return in response to the said notice. However, the whole process would make sense only if the refund amount is big (which definitely is not the case here)
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- LIC maturity claim whether taxable
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
