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Tax refund

TDS / TCS 491 views 2 replies

 

Respected SIir/Madam

This is Venkat

         Can you please tell that how can get the refund from tax deportmrnt when they deduct TDS, but my total income does not tax limit. The details regarding tax deducted from my account is 

Assessment year: 2011-12  is Rs.599/- under 194C . Date of payment to the depaotment is 24/03/2011. Date of booking is 17/05/2011

Assessment year:2012-13 is Rs.645/- under 194C . 

      Rs.281/- date of booking is 21/07/2011 and date of payment is 09/05/2011

      Rs.364/- date of booking is 21/07/2011 and date of payment is 10/06/2011

Total amount is Rs.1244/-

I am article student, can i file a return for my refund. And also is there any penalaties for does not file a return for the A A Y 2011-12.. Please tell me..  And what is the the procedure for above situation 

                                                               Thanking you

         

Replies (2)

There is a penalty of 5000 if the return of income is not filed by the end of the assessment year. But since tax payable by you is Nil ( Bcoz income doesnt exceed basic exemption limit) Penalty cannot be levied. Also No interest u/s 234A B Or C...

There is a penalty of 5000 if the return of income is not filed by the end of the assessment year. But since tax payable by you is Nil ( Bcoz income doesnt exceed basic exemption limit) Penalty cannot be levied. Also No interest u/s 234A B Or C...


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