I mis-filed Income for FY 2013-14 and has got excess refund for TDS. figured out how to return the excess TDS received and file Revised ITR. But my Income now after proper calculation exceeds Taxable limit by around INR 825/- How do I calculate penalty for this amount (FY 2013-14) and deposit the penalty along with excess TDS refund received? Since I am now not eligible to receive TDS refund?
2 Replies
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 28 August 2015
I think you can do much as assessment is complete. If you still wish, you can deposit extra tax this year and inform AO in letter.
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