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Nitika (article) (67 Points)

14 March 2011

Claiming of TDS Refund

Total TDS for the a.y 2008-09 is Rs 16000/- but assessee has not file its return. Is there any way to claim TDS refund?

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17 Replies

Anila (Article Assistant) (177 Points)
Replied 14 March 2011

According to me you cannot claim back the refund in any way

1 Like

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Pankaj Arora (Learner) (3134 Points)
Replied 14 March 2011

REVISE YOUR RETURN AND GET BACK YOUR REFUND…… BUT RETURN SHOULD BE FILED IN DUE DATE…

1 Like

Nitika (article) (67 Points)
Replied 14 March 2011

it is no possible to file belated return as time limt for belated return is already over,

Pankaj Arora (Learner) (3134 Points)
Replied 14 March 2011

DON’T WORRY YOU FILE YOUR RETURN NOW U/S 271F WITH PENALTY OF RS.5000/- AND REMAINING 11000/- YOU WILL GET REFUND….

Anila (Article Assistant) (177 Points)
Replied 14 March 2011

Originally posted by : Pankaj Arora
	DON’T WORRY YOU FILE YOUR RETURN NOW U/S 271F WITH PENALTY OF RS.5000/- AND REMAINING 11000/- YOU WILL GET REFUND….

Not whole of Rs 11,000 will be refunded i hope!!

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CA abhinandan agarwal (CA CS Bcom(H)) (174 Points)
Replied 14 March 2011

DON’T WORRY YOU FILE YOUR RETURN NOW U/S 271F WITH PENALTY OF RS.5000/- AND REMAINING 11000/- YOU WILL GET REFUND….

Lalit Kumar (Vice President ) (2213 Points)
Replied 14 March 2011

271F is triggered from AO side.. dont think we are aloowed to file it on our own.. notice is sent by AO first along with Penalty.. and tat time u can file ur return and claim tds.. but dont think AO will send a notice, since he will know tat 16k tds has not be claimed..

1 Like

Bhav Bhuti Sharma (Towards Professionalism ) (823 Points)
Replied 14 March 2011

U/S section 271F the powers given to the assessing officers are discretionary, not mandatory, So in the case if the income is above taxable limit, the return filed after 31.03.08 for AY 2007-08, The AO may levy the penalty of Rs 5000 .

Nitika (article) (67 Points)
Replied 14 March 2011

bt assessee has interest income which is less than exemtion limits including chapter - VIA deduction

Pankaj Arora (Learner) (3134 Points)
Replied 14 March 2011

It will charge penalty because gross income is more than exemption limit if its below after deduction chaper – VI than penalty u/s 271F will not imposed..

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Nitika (article) (67 Points)
Replied 14 March 2011

till date there is no notice from AO

prerna (auditor) (95 Points)
Replied 15 March 2011

Originally posted by : Pankaj Arora
	REVISE YOUR RETURN AND GET BACK YOUR REFUND…… BUT RETURN SHOULD BE FILED IN DUE DATE…

yup...its right

Dheeraj (Learner) (1100 Points)
Replied 15 March 2011

please check whether the return is duly recd. by IT Dept.

ajith (Article) (293 Points)
Replied 15 March 2011

Originally posted by : LKR ~ A CA in Making!!
	271F is triggered from AO side.. dont think we are aloowed to file it on our own.. notice is sent by AO first along with Penalty.. and tat time u can file ur return and claim tds.. but dont think AO will send a notice, since he will know tat 16k tds has not be claimed..

think so!