There is one query regarding Income Tax Returns. One of Father & Son Assessee had filed their returns on 22/03/2011 in their Individual Capacity But in father’s case he has billed all Labour Bills to MNC but the MNC had deducted the TDS on his Son’s PAN No. & while filing the son’s returns form # 26AS reflecting the same but actually it is income of his father & even all cheques were received in son’s bank account. MNC is not rectifying the ETDS Returns.
Now Nor Father or Son both claim the IT Refund in their Returns filed. So how can the Form # 26AS refund can avail? Who is eligible for that IT Refund?
Shall Revised Return option is open? Nilesh H Gajjar
17 June 2011
Dear Nilesh, IF cheques are received in son's bank a/c than how can you say that it is father's income? IT IS SON'S INCOME SO filed the revised return for both and claim the refund in son's return.if return is already assess and assessment order is passed than file the rectification.
For any Query Contact: ABHISHEK RANJAN SINGH ARS SOLUTIONS +91 9022838615 email2ars@gmail.com
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