IT Tax Deposited but not claimed in Return

708 views 5 replies

Hi,

What happen if Advance Tax deposited Rs. 50,000 for AY 2004-05 and however it was remained unclaimed in that A Y 2004-05 in the return. Can this be availed by any other way now.

Replies (5)

you can try filing a petition u/s 154. But since it relates to AY:2004-05 i doubt if it would be entertained.

 

1)It can be claimed by request for rectification of mistek apperant from records to AO.

As the Avance Tax deposited might had not been considered by AO while makiing Asseessment, otherwise he would have refunded the amount.

2) Approach to CIT for revision of the Assessment oder on same ground as above.


Both of above rate Subject to Period of Limitation.

Hi Rajesh & Dhawal,

My main concern is whether amount which is not claimed in Return can be availed by way of Refund. Since Sec-154 speaks for Rectification of Intimation and Assessment order and in my case no amount was claimed for Refund against advance tax, in Return.

 Can it be considered as a mistake apparent from Record even though not claimed in Return.

different interpretations are drawn by differernt people.... you can just try all the options .. and one of the options is 154.

Originally posted by : Rajesh P. Ahir

 

1)It can be claimed by request for rectification of mistek apperant from records to AO.

As the Avance Tax deposited might had not been considered by AO while makiing Asseessment, otherwise he would have refunded the amount.

2) Approach to CIT for revision of the Assessment oder on same ground as above.


Both of above rate Subject to Period of Limitation.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details