Income Tax

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CA. ABHISHEK MAHESHWARI

13 Points Joined June 2007

Dear Sir,

One of my client get registraion U/s 12AA of Income Tax Act, 1961 in June, 2007 from 01/04/2002. The assessment proceeding of A.Y. 2003-04, 2004-05 and 2005-06 was done by Assessing Officer. We have paid High Tax on that years. Now i have received registration from 01/04/2002. So can i claim refund of tax paid on that previous years where assessment has been done. If i claim then what is the procedure for the same?

Replies (5)

Guest

451955 Points Joined August 2012

well i am working as an employee of automobile industry, my query is SHEC (SECONDARY HIGHER EDU.CESS) is applicable from which date on tds ?

Guest

451955 Points Joined August 2012

pls send me reply as early as possible

Mehul Shantilal Gohil

CA Job

19 Points Joined March 2007

SHEC is apllicable from 01.04.2007

Guest

451955 Points Joined August 2012

I have few queries related to tax deduction .Please help to clarify them 1) I had fixed deposit of Rs 10 lakhs in my bank and the bank has deducted tax at source at the rate of 10.2% for the financial year 2006-2007. Do I need to pay tax higher than 10.2% for the interest that is earned on Rs. 10 lakhs while filing tax return form for financial year 2006-2007? I am salaried and my gross annual income comes around 9-10 lakhs for financial year 2006-2007. 2) For the financial year 2005-2006, I had filed the tax return form for my annual gross income of Rs. 9 lakhs from salary. But did not include the income earned from interest (for financial year 2005-2006) for the fix deposit amount of Rs 10 lakhs since I did not get the form16A from the bank. But now I got the form16A TDS certificate from the bank. Can I include this interest income while filing tax return form for financial year 2006-2007 or do I need to fill another form to declare this income, which was not declared while filing tax return for financial year 2005-2006.If so, which is that form?