Hi! plz help... a person carrying business has not filed ITR in A.Y 2009-10 as his GTI was below exemption limit. Can he claim tds deducted in A.Y 09-10 in the the next A.Y?
Hi! plz help... a person carrying business has not filed ITR in A.Y 2009-10 as his GTI was below exemption limit. Can he claim tds deducted in A.Y 09-10 in the the next A.Y?
No he can not.
But he can still file his IT return for AY 2009-10 uptil 31st march, 2011. (i.e one year from the end of assessment year) and then claim his TDS.
Regards
Piyush
he can't claim!
If return is not filing on time then no TDS Can Be claimed.
regards,
ratan
No he cant
What's the final answer then? can anyone explain..plz
File the return for AY 2009-10 and claim the TDS. The return could be filed uptil 31st march, 2011.
Regards
Piyush
you will get ur tds refund after you file your return
No refund can be claimed unless a return is filed. So if the person wants to claim the refund of TDS he should file a return even though his taxable income is below exemption limit and claim the refund in the return itself. It is to be noted that the last date for filing return for the AY 2009-10 is 31st march, 2011 (i.e., 1 year from the end of AY or completion of assessment, whichever is earlier). He can claim refund for the AY 2009-10 by filing return and if he is taxable in next AY he should pay tax for the next AY . No carry over of excess tax paid from one AY to another AY by the assessee unless it is allowed by the Dept.
What i understand of the query is that the person whose tax has been deducted doesnot want to claim the same against his current year's income as it is not taxable but wants to tarnsfer the same to next assessment year (Correct me if worng)
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