Doubt about Refound of It

Jonnalagadda Manohar (CA) (58 Points)

20 October 2010  

 

Dear All
I have Doubt Regarding income tax refundOne of My Friends Village Govt Acquire Immovable property and Deducted Tds U/S 194 La @ 10%(80,000 Approx)in the year of 2007 but in that year they forgot about income tax return .But they want refund Now that tds.  Is it possible to Claim Refund In 2010 (Belated return Filling in 2010)original Cost of Asset is 8,20,000 govt  Paid 8,00,000.
So total Amount Refundable
They have no other source of income Except Agricultural income of 20,000 in that year (2007)
Please give Suggested Ans