Sunali
(Learner)
(1317 Points)
Replied 22 September 2009
Yes one can get the refund of excess tax paid even in the given case..
CA Ruben Balooni
(Professionalism ™)
(1324 Points)
Replied 22 September 2009
yea tat person will get refund....no issues
Alex Fernandes
(PCC STUDENT)
(186 Points)
Replied 22 September 2009
yaa but some time will take ,if you would had filed the return before due date then the process would have been much quicker
CA Amit Kanani
(Practicing CA)
(338 Points)
Replied 22 September 2009
It is very technical I can not mak u understand on net . But he/she will definitely get refund even u submit return till 31-3-11. but u have to pay Interest and penalty
Anup rathi
(CA FINAL)
(268 Points)
Replied 22 September 2009
According 2 me if i m not mstaken the assesee will get the refund next year wen the assesee files the return withi the due date
CA Devanshi Gandhi (Ajani)
(FCA DISA Mcom CIFRS & LLB)
(9058 Points)
Replied 22 September 2009
yes refund is granted
varsha naik
(CA Final Student)
(107 Points)
Replied 22 September 2009
when tax paid is more than what is actually payable, assessee can file return even after due date...there is no problem in claiming refund even if he files return after due date...but if he has any loss which is to be carried forward it cannot be carried forward unless return is file within due date except loss from house property.
shashank agarwal
(article)
(31 Points)
Replied 22 September 2009
| Originally posted by :CA Devanshi Gandhi | ||
| " | yes refund is granted but only after the assessment is over | " |
Aarush
(Delhi)
(1566 Points)
Replied 22 September 2009
Yes , Person can file the return, and get the refund from department but suject to after paying the penalty under the sec 271F Rs.5000/- , & assessing officer also can waived the penalty charges if he satisfies the conditions of sec 273B of income tax act.
Ashwani Narnoli
(.)
(1843 Points)
Replied 22 September 2009
| Originally posted by :Karan | ||
| " | can ne 1 tell me that if a person had paid tax more than payable and he/he submit the return after due date ie 31 july, then can he/she get refund pls tell me practically and theoritically |
" |
Yes, he will get it.
CA. Megha Topiwala
(Job)
(1534 Points)
Replied 22 September 2009
u can surely get refund... even if return is filed after due date....
CAclubindia
