Income Tax Refund for previous years in current year

Hello Friends,

For past three financial years (2020-21,2021-22, 2022-23) TDS Refund not claimed. Assessee (Individual) not aware of it.

Shall we file belated return by clubbing all previous years TDS in current year Income Tax Return FY 2023 - 24 to get TDS refund?

Income is below the taxable limit for all years.

Thanks in advance.

Replies (3)
Quick Summary
This discussion addresses how an individual can claim unclaimed TDS refunds from previous financial years (2020-21, 2021-22, 2022-23). It clarifies that you cannot simply club previous years' TDS into the current year's return. Instead, you must file separate returns for each previous year. For refunds from FY 2023-24, a belated return can be filed until 31 December 2024. For earlier years, you'll need to apply for a condonation of delay order from the Commissioner of Income Tax before filing.

No,you cannot club alltogetfer but you can claim separately by submitting separately.

 

 

Income tax refund for previous years are always possible
You can claim income tax refund of only fy 2023-24 by filing belated return within 31 December 2024. All the previous financial years if you want to get the refund you should apply for condonation of delay order from commissioner of income tax and file your return based on that order.You cannot club previous financial year tds in current year income tax return if you do so your return will be defective.Also you have the option to file updated return for previous financial years but there can be no refund in case of updated return.

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