Refund Case

This query is : Resolved

RAJESH CHOUDHARY (Querist)
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31 July 2009 If an assessee (Non Audit case) is having Rental income and the business income in the year 2008-09. And the Refund is 17000/- for the same
So my query is is it necessary him to file the return before 31.07.2009 to claim the refund OR will it be ok if he files the reurn after due date.

Please reply on urgent basis.
Thanks in advace.

Guest

Guest (Expert)

31 July 2009 Here's what you need to know, please consider mentioned points :-
1). Where the last day for filing return is a day on which the office is closed, the ssessee can file the return on the next day afterwards on which the office is open and in such cases, the return will be considered to have been filed within the specified time limit.
2). If the return of income is furnished after the due date or is not furnished, the assessee is liable to pay simple interest @ 1 %. as per sec 234A of IT Act.

As per my opinion please filed as on the time and make a hassle free environment.