tax deducted

This query is : Resolved 

02 September 2010 my father is in army they got under form 16
a tax deducted of Rs18620 for AS 2009-2010
can anybody help the procedure to claim refund ...
since we have a investment in ICICI pru

& also which form is to claim refund ???

02 September 2010 File the ITR for AY 2009-10 to claim the refund

02 September 2010 sir my father has gifted money to my sister is there any provision to get relief under tax. how can i claim tax refund under this ??


02 September 2010 and for insurance benefit under sec 80C
i have to attach the photo copy of insurance certificate and receipt of deposit money ??

02 September 2010 He has made a gift : that's okay

But that does not absolve him from his responsibility to file the ITR as he had earned an income which is taxable.

Gift is exempt in the hands of your sister

that's it.

02 September 2010 and what about the insurance ??

02 September 2010 & regarding the 80C benefit, you need not attach any photocopy of certificate or receipt.

Just do a tax calculation on the income earned after considering the 80C benefit.

if excess tax has been deducted in form 16 then you can claim the refund.


02 September 2010 thanx a lot sir..........


02 September 2010 You can also thank by pressing the "Thank user" tab.

02 September 2010 sir i think i m filling late return ???

02 September 2010 Yes... in your case the last date to file ITR without a penalty was 31/03/2010. Hence you missed the deadline.

Still you can file the ITR & claim the refund ,if it works out to be.

But keep in mind that at the time of assessment , the IT deptt can always levy a penalty of Rs. 5000/- under section 271F of the income tax.

Though, you will have the option to justify this delay & convince the AO to do the assessment without the penalty



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries