Need help

According to me you cannot claim back the refund in any way

REVISE YOUR RETURN AND GET BACK YOUR REFUND…… BUT RETURN SHOULD BE FILED IN DUE DATE…

it is no possible to file belated return as time limt for belated return is already over, 

DON’T WORRY YOU FILE YOUR RETURN NOW U/S 271F WITH PENALTY OF RS.5000/- AND REMAINING 11000/- YOU WILL GET REFUND….

Originally posted by : Pankaj Arora
	DON’T WORRY YOU FILE YOUR RETURN NOW U/S 271F WITH PENALTY OF RS.5000/- AND REMAINING 11000/- YOU WILL GET REFUND….

Not whole of Rs 11,000 will be refunded i hope!!

DON’T WORRY YOU FILE YOUR RETURN NOW U/S 271F WITH PENALTY OF RS.5000/- AND REMAINING 11000/- YOU WILL GET REFUND….

271F is triggered from AO side.. dont think we are aloowed to file it on our own.. notice is sent by AO first along with Penalty.. and tat time u can file ur return and claim tds.. but dont think AO will send a notice, since he will know tat 16k tds has not be claimed..

U/S section 271F the powers given to the assessing officers are discretionary, not mandatory, So in the case if the income is above taxable limit, the return filed after 31.03.08 for AY 2007-08, The AO may levy the penalty of Rs 5000 .

bt assessee has interest income which is less than exemtion limits including chapter - VIA deduction 

It will charge penalty because gross income is more than exemption limit if its below after deduction chaper – VI than penalty u/s 271F will not imposed..

till date  there is no notice from AO

Originally posted by : Pankaj Arora
	REVISE YOUR RETURN AND GET BACK YOUR REFUND…… BUT RETURN SHOULD BE FILED IN DUE DATE…

yup...its right

please check whether the return is duly recd. by IT Dept.

Originally posted by : LKR ~ A CA in Making!!
	271F is triggered from AO side.. dont think we are aloowed to file it on our own.. notice is sent by AO first along with Penalty.. and tat time u can file ur return and claim tds.. but dont think AO will send a notice, since he will know tat 16k tds has not be claimed..

think so!