Indian Leather Products Association (ILPA) on Friday said the state government’s delay in VAT refunds, estimated at Rs 300 cr, to exporters was to be blamed for the fund crunches faced by the Rs 2500 crore leather industry in West Bengal. “…
Can you claim carry forward of loss despite late filing of return?
June 8, 2010 by
view of the Board, hereby, clarify that delay in making refund claim as well as claim of carry forward of losses, both can be condoned in cases where returned income is a loss, provided other conditions are satisfied. The monetary limits prescribed for condonation of delay in making refund claims, by different IT authorities, will apply to condonation of delay in cases of claim of carry forward of losses as well.
Can Claim Of Deduction /Exemption/Refund Be Made After Lapse of More Than Two Years?
August 1, 2007 by
Only way to claim back a tds or tax is by filing a return and claiming the refund. In many cases, tax payer for various reasons forget to fil ereturn when small amount of tax was deducted . In other words, refund is not claimed because the date of filing the return has passed ....
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