MY FRIEND'S SALARY INCOME IS RS.234716.00 & DEDUCTION UNDER CHAPTER VI-A IS RS.73122.00
TDS IS RS.1200
AS SHE IS FILING RETURN AFTER DUE DATE , SO PLSE TELL ME IN WHICH SECTION RETURN SHOULD BE FILED & THE COMPUTATION OF TAX/REFUND AS THE CASE MAY BE ( ALONG WITH INTEREST u/s 234A)
Plse reply fast.
It can be filled under section 139(4)
there wil b a tax refund of Rs.1040/- (i.e TDS-1200 less Tax on Income-160)
the return should be filed under section 139(4) i.e belated return.
and refund will be 1040 as taxabe income is 234716-73122=161594, therefore tax would be 160(rounded off).so refund =1200-160=1040
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