What is the remedy if an individual has paid tax anticipating he has taxable income but has actually forgotten to claim deduction under 80c and finally realises he has no taxable income?What is the mode of claiming refund for the tax challan paid at the bank?
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Replies (6)
IF THE ASSESSEE HAS FILED THE ORIGINAL INCOME TAX RETURN WITHIN THE PRESCRIBED DUE DATE, THEN HE CAN SHOW THE CORRECT INCOME AND THE DEDUCTIONS U/S 80C BY REVISING THE INCOME TAX RETURN.
BUT IF THE ASSESSEE HAS NOT FILED THE ORIGINAL RETURN AFTER THE DUE DATE, THEN HE WILL HAVE TO AVAIL RELIEF U/S 119 BY MAKING AN APPLICATION TO THE CBDT (CENTRAL VOARD OF DIRECT TAXES)
REGARDS,
DEVENDRA K
As dev said . . . . .File revised return
then how u got tax on that income which is not taxable
u have to file revised return & claim it as Devendra said.... u will get refund after few months
file the revised return
Agreed wit d abov views....file a revise ITR.
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