CA Rakshit Jain     2 Apr 2020

First you have file the income tax return. So have you filed your income tax return? if yes then have you mentioned there correct bank details as the refund is directly credited to your bank account mentioned in the return. Some more details have to be seen. Contant me for more reference @ 9587334442

CA Naman Maloo     2 Apr 2020

If you need assistance in filing your return of income feel free to contact me at canamanmaloo@gmail.com.
However forms are not available till now to file return of income

NA Na Na     2 Apr 2020

you can claim your refund for A.Y. 2020-21 by filing your income tax return. However, refund of income tax shall be subject to your nature of income and other relevant details of your income, investment etc.

CA Murugesan Ashok     2 Apr 2020

Sir if you want to file your return it depends on the availability of the ITR Forms. So you need to clearly say the nature of the Income and whether that tax on that income is less than the TDS deducted. Then only you will get refund

CA Amit S     5 Apr 2020

There is no separate procedure as such in order to claim an income tax refund due to you. You can claim tax refund by simply filing the return of income in the usual manner. Ensure your return is electronically verified through aadhar number otp, EVC generated through bank account or physically verified by posting the signed ITR-V (acknowledgement) to Centralised Processing Centre (CPC) within 120 days of filing the return.

CA Amit S     5 Apr 2020

There is no separate procedure as such in order to claim an income tax refund due to you. You can claim tax refund by simply filing the return of income in the usual manner. Ensure your return is electronically verified through aadhar number otp, EVC generated through bank account or physically verified by posting the signed ITR-V (acknowledgement) to Centralised Processing Centre (CPC) within 120 days of filing the return.

CA Arti Jain     6 Apr 2020

You are to file the return after 31.03.2020. what type income do u have?

T&C apply

CA Naman Maloo     17 May 2019

No if you want claim benefit of home loan you need to be the owner in the property. If you add your name as co owner you will be able to take 50% benefit of same.
If you need any further consultation you can mail me at canamanmaloo@gmail.com

CA Vaibhav Mago     17 May 2019

Mr. Sharath, you can only claim interest deduction when you are a co- borrower as well as co- owner of the said property.
So, in the said case ask your mother to transfer 50% or such other share of percentage of share of the property in your name as gift and get it registered.
Then,both of you and your mother can claim interest as well as principal deduction.

CA Murugesan Ashok     17 May 2019

You can claim the full interest. Its allowed.

CA Shrinidhi Rao     21 May 2019

Sir, Since you paid interest from your account there is enough evidence to establish you are eligible assessee to get the deduction. In case if you shown your mother had income while getting loan sanctioned, then it is better to claim 50% of eligible deduction under relavant sectio of income tax act.

T&C apply

CA Shrinidhi Rao     3 May 2019

There are two ways you can handle this.
1. You should give full credit to the seller. Later collect the excess deduction from him. ( If you can co-ordinate with him)
or
2. Make an application seeking refund of excess payment of TDS, to the Income Tax Officer of respective TDS circle you belongs to.

CA Naman Maloo     3 May 2019

Practically the only option available with you is to ask the seller to provide you the refund of excess credit which he will claim.
Second option which is not that practical is to ask income tax officer to provide you the refund of second challan which you have paid but there are less chances of officer accepting this.
If you need any further consultation or information you can mail at canamanmaloo@gmail.com

CA Shrinidhi Rao     3 May 2019

Yeah, second option is little bit complicated.

CA Murugesan Ashok     3 May 2019

You can claim refund from Traces by filing 26B form. Filing the amount again for the deductee will land in huge trouble for the deductee. Since you don't have TAN you can login to traces through pan and the challan details.

CA Shrinidhi Rao     3 May 2019

Yes, As deductor you should get registered in Traces website and you can claim the refund.

CA Naman Maloo     3 May 2019

Refund by using traces is not available in this case as per my knowledge.

CA Murugesan Ashok     4 May 2019

There if any excess paid by the buyer can be claimed by the buyer through his A2 in 26AS. Excess of 1% of the sale value will go to buyer as per the CPC(TDS) Tax advisory.

CA Suresh Bharathwaj     4 May 2019

You can file for refund with the relevantv ITO in case you require professional help contact at casureshbharathwaj@yahoo.com

T&C apply