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Sir, can i get refund from traces as i paid more amount through challan 281?

Ashim kr Ray (social service) (1691 Points)

03 November 2016

Sir, I have availiable balance for the FY 2011-2012 as i have paid more that what justification reports amount shows. I want to get refund of the same amount what shall i do now?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (173988 Points)
Replied 03 November 2016

As already more than 2 years have passed to the claim, getting refund is next to impossible. Check with ITO for any way out.

Read extrct from CIRCULAR NO. 2/2011 [F.NO. 385/25/2010-IT(B)], DATED 27-4-2011

1. The procedure for regulating refund of amount paid by the deductor in excess of the tax deducted at source (TDS) and/or deductible is governed by Board circular No. 285, dated 21-10-1980.

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4.2 In case, the detection of such excess amount is made beyond the financial year concerned, such claim can be made to the Assessing Officer (TDS) concerned. However no claim of refund can be made after two years from the end of financial year in which tax was deductible at source.

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