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Refund of Tax

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..... Refund of Tax
Query (Issue) Started By: - naresh chowdhary Dated:- 10-11-2011 Last Reply Date:- 15-11-2011 Income Tax
Got 2 Replies
Income Tax
Dear sir / Madam, Facts 1) A Director of a .....

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..... public limited Compnay who is in receipt of remuneration/ professional fees ( After deducting TDS) from company over and above remuneration allowed under companies act, during the financial year 2009 .....

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..... -10. had refunded the amount so received on 1st Nov, 2011 after receving the notice form the company to refund the same in order to save his position as director to comply with section 314 of the comp .....

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..... anies act. 2) The director had already filed his return of income for the financial year 2009-10 on or before due date, and disclosed the remuneration / professional fees received from the company. .....

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..... Now the query He wants to file revised return for the financial year 2009-10 to claim the refund of Tax deducted showing nil income. Thanks & Regards CA NARESH CHANDRA K 09966669670 Reply By CA R .....

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..... achit Agarwal: The Reply: He can file for Revised Return and claim for the refund of TDS Paid. Please also get Form 16 amended accordingly issued to the Managing Director. Amount of salary refunded .....

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..... has been shown as income in the books of the company to show that there is no piferage of income tax. Reply By tarsem gupta: The Reply: He can file revised return upto 31-3-2012.
Discussion For .....

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..... um - Knowledge Sharing .....

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