banner_ad

Please Help.

Tax queries 498 views 6 replies

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?

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

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

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details