Tds refund of last 2 years

This query is : Resolved

Jatin Gada (Querist)
Follow

27 January 2019 Respected Faculty,
One of my client has not filed Income Tax Return of Last 3 Financial year.
There is TDS Refund of around 50000/- of Last three years cumulative.
Now he want to claim TDS refund, so please let me know the procedure as we can't file back dated returns.
Expert opinion needed in this regard.

CA ALOK KUMAR

CA ALOK KUMAR (Expert)
Follow

28 January 2019 You may file your belated return U/s 119(2)(b) of Income Tax Act, 1961.
Section 119(2)(b) provides that CBDT for avoiding genuine hardship authorise income tax authority to admit an belated application or claim for any deduction, exemption, refund or any other relief even after the expiry of the period specified under the Act for making such claim or application.
In this case, first you need to prepare all the belated returns and need to file along with Application for condonation of delay. This is required to be filed with Jurisdictional CCIT who will further send to to the concerned Ward/Circle to verify its genuineness. Accordingly after such verification, Tax refund amount shall be processed and it will be credited to your given bank account.
For further clarification you may logon to www.wealth4india.com or call @9266242424. You may send email to info@wealth4india.com

CA ALOK KUMAR

CA ALOK KUMAR (Expert)
Follow

28 January 2019 You may file your belated return U/s 119(2)(b) of Income Tax Act, 1961. Section 119(2)(b) provides that CBDT for avoiding genuine hardship authorise income tax authority to admit an belated application or claim for any deduction, exemption, refund or any other relief even after the expiry of the period specified under the Act for making such claim or application. In this case, first you need to prepare all the belated returns and need to file along with Application for condonation of delay. This is required to be filed with Jurisdictional CCIT who will further send to to the concerned Ward/Circle to verify its genuineness. Accordingly after such verification, Tax refund amount shall be processed and it will be credited to your given bank account. For further clarification you may logon to www.wealth4india.com or call @9266242424. You may send email to info@wealth4india.com

Jatin Gada

Jatin Gada (Querist)
Follow

28 January 2019 How to file belated return?
Do I need to submit manually belated Return to CCIT?
Please guide me.
Also let me know the penalty amount that may be levied for late filing.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. MOHIT SHARMA

prakash takane

RAMBIR singh

ANJANA PALIYATH

Mahesh Balanthimugaru

Subscribe Now

Tds refund of last 2 years

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA