05 August 2013
Dear Experts, I have a client, who couldn't file his Income Tax return for the A.Y. 2012-13 and he has refund. So, I would like to know that Could his return, for the A.Y. 2012-13, be filled now ? If yes, will he get refund amount for that year ? Please suggest me. Thanking Your
05 August 2013
Now you can file as belated return u/s.139(4) and claim for refund, however penal interest u/s.234A will apply and penalty u/s.271F Rs.5000 may be initiated by the department
06 August 2013
But Sir... Interest U/S 234A is applicable on the amount shortfall in total income tax payable by the assessee. As per me, It would not be charged in case of refund. Please suggest.
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