ajeet singh (1390 Points)08 September 2022
The taxpayers have to file an application for making a claim of refund or carry forward of loss within next 6 years from the end of the assessment year.
For eg : Mr Ram wants to claim a refund which he failed to claim by not filing his return due to his health conditions in FY 2011-12 (AY 2012-13) for Rs. 1 lakh and decided to files an application to Principal Commissioner of Income Tax for allowing him to file his income tax return for the relevant assessment year. He will be able to file this application anytime on or before 31 March 2020.
File it manually, check if it is accepted by ITO. System will not accept it as per rule.
If its accepting the ITR u/s. 119(2)(b), well and good.... But I doubt whether system will process it, beyond time limit...
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