27 December 2012
I've filed physical return for AY 2008-09 with approx rs. 40,000 refund in respect of TDS. I've also filed e-return for AY 2010-11 with approx rs. 39,000 refund in respect of TDS. Now I've received refund of Rs. 35,000 in respect of AY 2010-11 and received a refund order advice which states that rs. 35000 has been refunded and Rs. 4000 has been adjusted against demand for AY 2008-09. However I've not received any refund in respect of AY 2008-09. Also, I've misplaced the physical acknowledgement for AY 2008-09 but I've Form 16A & 26AS to substantiate my claim for Refund. So I want to know the procedure to claim refund of Rs. 40000 in respect of AY 2008-09 & Rs. 4000 balance of AY 2010-11. Also note that I've received full refund in respect of AY 2009-10 without any adjustments.
28 December 2012
It appears from your case that the CPC, Bangalore must have adjusted the demand for AY 2008-09.
If you have filed the Income Tax return claiming the refund on account of the excess of TDS over the tax liability dues on the net taxable income, then make a rectification application u/s 154 with the Income Tax Dept. addressing your assessing officer narrating the facts of the case and attaching the copy of the Income Tax return and copy of 26AS.
The Dept. will dispose of the application in due course.
CAclubindia
