Friends,
Can a persond now in f.y. 13-14 file Salary IT returns of Last 3 years and get refund of excess TDS deducted by the employer or submit additional proof of investments not infromed to concerned employer.
What is the procedure if yes and what is the chance of refund if assessee willing to pay penalty of Rs. 5000/- per year as the expected amount of refund is more than the applicable penalty.
Regards
You can file the return for A.Y. 13-14 & A.Y. 12-13 with penalty chances of Rs. 5000 for A.Y. 12-13 and get refund.
However in earlier years you can try to file return u/s 142(1) and get refund. but this will depend on assessing officer whether he wants to process the refund or not.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
