Excesss income tax paid
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2016
We have paid excess income tax in A.Y. 2015-2016 because of premature redemption of kisan vikas patra in A.Y. 2016-2017.
Please advise if the excess income tax paid can be adjusted against liability of the current year .
Please advise if the excess income tax paid can be adjusted against liability of the current year .
12 March 2016
No. You need to claim the excess tax through refund process by filing Income Tax Return of the concerned assessment year.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2016
I HAD ALREADY FILED THE RETURN.NOW BY FILING THE REVISED RETURN CAN I GET THE REFUND OF THE EXCESS INCOME TAX PAID.
13 March 2016
Yes you can file the revised return to get the refund. You can file revised return only if the original return was filed within due date.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
