Hi everyone,
I'm seeking advice regarding my father's Income Tax Returns. For the financial years 2015-16 and 2016-17 (I'm not sure of the exact year), he paid his taxes but didn't check his email. Last year, he received a ₹7,000 refund, and this year, a ₹600 refund. However, I found out that these refunds weren't credited to his bank account but were instead adjusted against previous tax payments.
Now, the demand has increased to ₹14,000, with ₹16,000 as interest, totaling around somewhere ₹30,000 for the year 2016.
Is there any way to make this tax demand zero, reduce it, or file a rectification? We have the old Form 16 and other necessary documents. Your help would be greatly appreciated as this matter is urgent.
Thank you!
I'm seeking advice regarding my father's Income Tax Returns. For the financial years 2015-16 and 2016-17 (I'm not sure of the exact year), he paid his taxes but didn't check his email. Last year, he received a ₹7,000 refund, and this year, a ₹600 refund. However, I found out that these refunds weren't credited to his bank account but were instead adjusted against previous tax payments.
Now, the demand has increased to ₹14,000, with ₹16,000 as interest, totaling around somewhere ₹30,000 for the year 2016.
Is there any way to make this tax demand zero, reduce it, or file a rectification? We have the old Form 16 and other necessary documents. Your help would be greatly appreciated as this matter is urgent.
Thank you!