TMI BlogRefund on an already filed ReturnX X X X Extracts X X X X X X X X Extracts X X X X ..... I had taken a voluntary separation from my Organization in 2014 as it was shutting down. I got a golden handshake sum of around 5lacs. I paid Income Tax on the complete amount. However, now I am being told that I could have gotten a waiver on the IT under 'Golden Handshake Policy'. Can I still avail a refund on that amount? - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = You may try. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... You have to explain the delay in the claim. If you succeed please share the same in this Forum. - Reply By Yash Jain - The Reply = Dear Sir, Yes, as per Section 10(10C) you will get benefit exemption of ₹ 5 Lakhs. (Maximum upper Limit) Now, our question is that we have filed returns/paid taxes on it. Following table is your case and as under, Particulars ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Remarks FY of Returns of your Income 2014-15 AY of Return of Your Income 2015-16 Date of Filing of Original Return 31 st July, 2015 Due Date for filing Revised Return 31 st March, 2016 Remarks D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ue date is lapsed, hence revised Return can no longer be filed Six Years from End of AY For Condonation cases ( Circular No.:9/2015 ) 31 st March, 2022 But CBDT has come up with circular No.:9/2015 - dated 9 th June, 2015 , were in they have informed officers (Slab Wise) to grant waiver (Condonation) in case for delay in filing of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Return (In your case revised Return) for Refunds/ Carry forward of Losses for maximum period of Six years from the end of the Assessment Year (in your case AY is 2015-16 and six years duration is 2021-22). Now as the amount of refund is Less than ₹ 10 Lakhs you may please make an application seeking condonation for filing the revised return to Principle CIT/CIT of your jurisdiction (Sea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rch Jurisdiction by your PAN No.:). Now this circular Also gives power to officer to either accept or reject the case, but he will give the reason in writing. Before filing the refund do check and keep all the documents i.e Intimation U/s 143(1) , any assessment order in addition to 143(1) intimation, VRS Letter from your company, proof of details of other income (if disclosed) and allied suppo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rting which you have filed in your ITR. These may be documented by officer and it should not happen that he comes across any thing which is not in your favour, hence check and double check before filing the refund application. In case if the officer concerned does not know this process, approach Chief Public Information Officer (referred as CPIO ) and file and Right to Information (RTI) to kno ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w the process of refund and he will give you answer within 30 working days..which more or less will be in terms of aforesaid circular. Looking forward for your return. Rgds, Yash Jain 8805235577 - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Thanks Shri Yash for your detailed reply. - Refund on an already filed Return - Query Started By: - Bryan Bass Dated:- 11-9-2018 Income T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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