I didn't claim TDS last year - Can i claim it this year or now?
Ankit Pandey (CA) (28 Points)
09 April 2012Ankit Pandey (CA) (28 Points)
09 April 2012
Mihir
(Wealth Manager)
(5293 Points)
Replied 09 April 2012
Did you file your IT returns u/s 139(1) ?
Ankit Pandey
(CA)
(28 Points)
Replied 09 April 2012
Originally posted by : Mihir | ||
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Did you file your IT returns u/s 139(1) ? |
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Hello Mihir, I filed my ITR Document its written I filled it Under WARD 36(4) ( I hope ward and section means same here ).
I Filed ITR before I received TDC Certificate from Comapny.
As I received TDS only for 2 months via post and it was of small amout of 15000 so I thought not to waste time in refiling ITR with correction. Today When I was checking my current year TDS so I thought of checking previous year TDS as well.
They filed total of 1 lakh 40 Thounds Rs TDS, which is a considerable amount.
I downloaded that File from Internet which have all the TDS details etc.
Can You tell me is this possible to get the refund for it as I alreayd paid money as Income tax for my earned income and I have extra 1 lakh 40 thounds with govt. as TDS.
Let me know what options I have.
Thanks
Ankit
Mihir
(Wealth Manager)
(5293 Points)
Replied 09 April 2012
Filing IT returns u/s 139(1) means filing your returns before the due date which is 31st July.
If you have, then file rectification u/s 154, stating the details of the TDS. Go to the website incometaxefiling.gov.in. You will get all info as how to file rectification u/s 154.
Ankit Pandey
(CA)
(28 Points)
Replied 09 April 2012
I diposited tax on 23rd May itself. Do I need to diposite physical copies of TDS certificates or the detailed mentioned on https://onlineservices.tin.nsdl.com websites are enough.
I downloaded all details as PDF given on https://onlineservices.tin.nsdl.com.
What else I need to file refund? Am i Too late for it as its another financial year?
Mihir
(Wealth Manager)
(5293 Points)
Replied 09 April 2012
Did you or did you not file your IT returns for the AY 2011-12, before 31st July? If you have filed before due date then you can file rectification u/s 154 and claim the refund..
Ankit Pandey
(CA)
(28 Points)
Replied 09 April 2012
I just checked my documents. I paid the Income tax on 1st may 2011 as I took a printout of challan which saying date on Payment on 1st May 2011. I Downloaded my ITR from incometaxindiaefiling.gov.in which saying Date of Return is 23rd May 2011. I Guess this measn clearly my date of return is 23rd may.
Now can You please tell me that Do I require hard copy of TDS or the TDS detailes downloaded from https://onlineservices.tin.nsdl.com will also work
Also If I request for Refund do I have to face some legal action from Income Tax department?
Thanks
Mihir
(Wealth Manager)
(5293 Points)
Replied 09 April 2012
Since you have filed IT returns before due date, you can file a revised return. Prepare your return the same way and add your TDS amount. This will show a refund. Do it electronically.
Vandana Mulchandani
(Finance Manager )
(9227 Points)
Replied 09 April 2012
Agree with Mihir, you can file your revised return and claim the TDS.
Karan Malhotra
(Auditor)
(66 Points)
Replied 09 April 2012
Dear Mr Ankit,
Since you have filed the return of Income before the due date specified u/s 139(1) ie 31st July then You can file the revised return and claim the refund of TDS.
Roshan Kumar Singh
(Article Assistant)
(21 Points)
Replied 09 April 2012
Hi Ankit,
where did u file ur return 36(4)/kolkata ???
Roshan Singh,
9831086879
Vikram Kumar
(Article)
(22 Points)
Replied 09 April 2012
yes I am Agreee with Mihir You can file your Revised return
Vikram Kumar
(Article)
(22 Points)
Replied 09 April 2012
Yes I am agree with Mihir you can file revised return
Rajeev Vyas
(student)
(29 Points)
Replied 09 April 2012
As Per 155 (14) Where in the assessment for any previous year or in any intimation or deemed intimation under sub-section (1) of section 143 for any previous year, 23[credit for tax deducted or collected in accordance with the provisions of section 199 or, as the case may be, section 206C] has not been given on the ground that the certificate furnished under section 203 24[or section 206C] was not filed with the return and subsequently such certificate is produced before the Assessing Officer within two years from the end of the assessment year in which such income is assessable, the Assessing Officer shall amend the order of assessment or any intimation or deemed intimation under sub-section (1) of section 143, as the case may be, and the provisions of section 154 shall, so far as may be, apply thereto : Provided that nothing contained in this sub-section shall apply unless the income from which the tax has been deducted 24[or income on which the tax has been collected] has been disclosed in the return of income filed by the assessee for the relevant assessment year.
Ankit Pandey
(CA)
(28 Points)
Replied 09 April 2012
@ Roshan Kumar Singh, I filed my return in New Delhi.
at all thanks for helping me on this issue. Specially Mihir for his efforts.
I reached following conclusions.
As I filed my Return within Due date, I can refile my Return and Mention the TDS details in it, ( Its less than 1 year so tomorrow itself I am going to meet a CA ).
I Don't have Physical Copies of my TDS so I will provide him downloaded PDF of TDS certificate.
Along with details of Filed ITR and computation etc.
My additional question is .. How long it will take to get the refund for it and how much will CA charge for it, I will also try to file my this year return my end of next month or so with complete documentation.
If anyone of You from Noida or Around East Delhi and who can provide his services can contact me via PM, I would surely think of appointing someone from here for my Accounting And other financial issues.
I have Few Things to be done at the moment.
1) Claim this Refund
2) Service tax Registartaion ( Which Can be done online easily )
3) File next year ITR
4) Information about Deducting TDS for people working for me ( Do I need TAN no for it or something )
If somone can provide their professional services for these, I would like to appoint anyone from my local place ( Noida or East Delhi ) My office is located at Noida.
Thanks
Ankit
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