Query on taxation plz help

You need not file a return because your income is not exceeding 500000 , as per new rules

u can submit form 15G/H for the deduction of TDS; so that u get back ur tax money (refund)

in your case u  have to file your income tax return to claim refund bcoz u dont have any income other than as u mentioned. therefore, u refund will be same as tds deducted.

in the current year ie fy 2012-13 u have to submit form 15G/H to the sahara credit cooperative soceity ltd. if u submit the said form to the sahar credit coop soc ltd then they will not deduct tds on your income.

Well, it will not be possible to file return for the year 2008-09 and 2009-10. but you can still file return for 2010-11 (belated return) and 2011-12. one thing more on I want to draw your attention is

IF THE ASSESSEE HAS THE INCOME EXCEEDING THE MAXIMUM AMOUNT CHARGEABLE TO TAX OR IS CLAIMING THE REFUND HE HAS TO FILE THE RETURN.

Hi,

You may be able to file your AY 12-13 only as for AY 10-11, the return cannot be filed beyond 2 years of the AY. The e-filing software of IT Dept does not accept such outdated returns!!!

Also Form 15G/H would not work for you as the nature of your income (Commission) is not eligible for such a declaration.

Only way out would be to manually file the earlier returns with a cover letter pleading that your case be considered for a refund (and then keep your fingers crossed)...

Yuvak

Agree with Mr. CA Mukul Mittal.