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T.N.REDDY (Propreitor)     01 February 2021

Income tax refund

Sir. for F.Y 2005-2006 and 2006-2007, it was found that the income tax refund of Rs.10 lakhs each was not received. Income tax returns were filed while showing the income tax refund in ROI and subsequently due to non follow up, it was skipped, now we found that for those two years refund was not received. So, kindly give opinon as to if I start follow up now, what are the chances of getting them.


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 6 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     01 February 2021

Usually, it will be adjusted or will be credited to your account.  Now you remind them periodically for 3 times. If you have not received a reply then ask the reasons using RTI.

Real Soul.... (LEGAL)     02 February 2021

Just consult any tax lawyer and file revsion 

G.L.N. Prasad (Retired employee.)     02 February 2021

First, seek your opinion of your Chartered Accountant and then file RTI Application on line seeking information on reasons for not refunding the amount, and present status.  Invariably mention PAN No.   Date of Filing and enclose a copy of acknowledgment if any.  Most of these returns are uploaded by IT and your CA can easily verify such uploaded information.

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     02 February 2021

if you are someone who has to get an income tax refund but still haven't received it, then it is likely that the department is awaiting your response regarding the outstanding tax demand from the previous financial years that can be adjusted against the pending income tax refund.

An individual can view their outstanding tax demand by logging to their income tax department's account. Here's how an individual can login to view their outstanding tax demand.

Step 1: Login to your  ..
 

Read more at:
https://economictimes.indiatimes.com/wealth/tax/not-received-your-income-tax-refund-yet-follow-these-steps/articleshow/75286948.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Dr J C Vashista (Advocate)     05 February 2021

It is better to consult your chartered accountant or engage a local prudent CA for analysing facts/ documents, professional advise and necessary proceeding.

Harendra Kumar (A Practicing Lawyer)     12 April 2021

In regard, firstly check you bank account properly, after that go with the NSDL website and check status of refund, if not found accordingly, you should be file an application before concern commissioner and incorporate all important facts. After a period gap as one or two week filed a WRIT Petition before appropriate Hon'ble High Court because a huge period gap founded in the present matter, it is beyond of limitation period. The concern administrative has not power to deal like this issue. Further, if any another queries please intimae the same.

 


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