Tarun Poddar (CA FINAL) (233 Points)
27 July 2009i have to file return 4 the last three years...is it possible to file return...if yes thn hw must penalty i hav to pay.....i hv alredy paid my tax of all the three years...but now i have to tak refund fm IT dept...wil IT dept wil create problem to refund my excess tax....plz explain me in detail...
thanks in advance to al my fnds.
Sourabh Sharma
(CS CA (Final) M.com NCFM Derivative Capital Market Mutual Funds)
(771 Points)
Replied 27 July 2009
Boss, Internal Setting se sab kuch hota hai........................Rate is 10 % of the refund.
koolleo87
(1268 Points)
Replied 27 July 2009
kaustubh
(CA, CS , CFM)
(293 Points)
Replied 27 July 2009
u can file your return for a.y. 2008-09 and 2009-10 easily...ders no prob in it...
as far as returns before that are concerned, you woukd have to take a predated stamp from the clerk by " some or the other means "...
u cant file electronically...so physical is the only option..
n as far as refund is concerned...i agree with saurabh...
10% is the standard rate..bt since you have refund of 3-4 yrs all together, you r in a better position to bargain for 7-8 %....
all the best..
make use of references...
your boss name usually...
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
