CA Kirti Maheshwari (Chartered Accountant) (151 Points)
20 August 2011MY FRIEND'S SALARY INCOME IS RS.234716.00 & DEDUCTION UNDER CHAPTER VI-A IS RS.73122.00
TDS IS RS.1200
AS SHE IS FILING RETURN AFTER DUE DATE , SO PLSE TELL ME IN WHICH SECTION RETURN SHOULD BE FILED & THE COMPUTATION OF TAX/REFUND AS THE CASE MAY BE ( ALONG WITH INTEREST u/s 234A)
Plse reply fast.
Kshitij
(Consultant)
(62 Points)
Replied 20 August 2011
It can be filled under section 139(4)
there wil b a tax refund of Rs.1040/- (i.e TDS-1200 less Tax on Income-160)
MD.Taufique
(CA,CS)
(308 Points)
Replied 20 August 2011
the return should be filed under section 139(4) i.e belated return.
MD.Taufique
(CA,CS)
(308 Points)
Replied 20 August 2011
and refund will be 1040 as taxabe income is 234716-73122=161594, therefore tax would be 160(rounded off).so refund =1200-160=1040
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