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Belated return

382 views 6 replies

abhishek vats

Mba

364 Points Joined September 2008

Sir, i am college teacher and i have received form 16 from my employer but i have forgotten to inform about ppf of rs 40000 as a result deduction u/s80c was not claimed by me and my tax liability is 12000 which was already paid. I have not filled tax return till now. So my question is that can i claim deduction of ppf in belated return( but ppf amount 40000 is not mention in form 16).if yes then am i able to claim refund.. There is no item in 80c other than ppf

Replies (6)

CA Harshal Totla

Chartered Accountant

2229 Points Joined May 2014

If you haven't submitted the details of your Section 80C deductions to your employer timely, you can claim them in your Income Tax Return.
So go for filing return now, your tax liability will be reduced to that extent and refund will be issued to you.