Hi
Asha
(Querist) 15 September 2012
This query is : Resolved
Due to certain family issues during the year 2011-2012, me and me wife could not file the ITR-1 for the FY 2010-2011 before the deadline. After missing the deadline we were not really serious thinking that since TDS is being done, we need not worry. Now for getting an LIC policy we were asked to produce the last 3 year ITRs. When I got the Form 16 for this reason I found 2 issues: In my case, I have to pay Rs. 19 extra In my wife's case, section 80C deductions had not been done (despite submitting the necessary documents) moreover, the tax calculations are wrong and extra tax has been deducted. So she is eligible for a refund. My doubts: If I file ITR now, will there be any penalty? How late can an individual file the ITR? Can my wife ask for a refund under section 80c now?
malipeddi jaggarao
(Expert) 16 September 2012
If no tax liability is there, you can file a return at any time and claim refund.
