01 August 2008
My client has not file return for the previous year 2006-07 and he has paid excess tax by way of TDS.Now he want to file the said return and wish to claim refund.....My query is a) Can he claim such refund and if yes under which section? b)Hw it can be claimed (procedure)? c) What is the Role of Form 30 and it is used?
01 August 2008
He can. Act permits him to file return upto 31-03-2008 without penalty but with interest on balance of tax due, if any. Thereafter upto 31st March 2009 with a possibility of Rs 5000 penalty.