20 May 2009
An assessee wrongly deposited TAX for himself but while rechecking he founds that his income was not liable to tax and no tax was required to be deposited by him. He has not filed any ITR then and due date has also lapsed. What can be the consequences now or can he get his money refunded?
21 May 2009
I think, for A.Y 2008-09 return can be filed only with a penalty of Rs 5000/- which will be not benificial? And what if return relates to A.Y 2007-08?
CAclubindia
