belated return to claim tds refund.

[Padmanathan KV]

THE LEGAL HEIRS OF A DECEASED PERSON RECEIVED COMPENSATION FROM THE INSURANCE CO. ON THE DEATH OF AN INDIVIDUAL IN FY 2013-14. BUT NO FORM 16A WAS ISSUED. THE LEGAL HEIRS RECEIVED A FORM 16A IN JANUARY 2017.

AS THE TIME LOMIT FOR FILING THE REGULAR RETURN WAS OVER, A RETURN PURPUTED TO BE U/S 142(1) WAS FILED ONLINE(OPTION TO FILE U/S 119 IS NOT AVAILABLE). APPLICATION SUBMITTED TO THE JURISDICTIONAL CIT FOR CONDONATION OF DELAY WAS ALLOWED.

BUT THE RETURN HAS BEEN TREATED AS INVALID BY CPC AND THE ITO IS NOT ABLE TO PROCESS IT. AS IT IS A REFUND CASE, HE IS RELUCTANT TO ISSUE A 142 NOTICE TO REGULARISE THE RETURN.

WHAT IS THE SOLUTION TO THIS PROBLEM. THE ASSESSEE IS IN DIRE FINANCIAL DIFFICULTIES AND THE REFUND OF RS, 50000 APPROX. WILL BE OF GREAT HELP. PL SUGGEST A WAY OUT.

AI Summary

Heirs face invalid return issue after late Form 16A; manual filing under Section 142(1) suggested for resolution. The legal heirs of a deceased individual received compensation from an insurance company for the fiscal year 2013-14, but no Form 16A was initially issued. A Form 16A was received in January 2017, after the deadline for filing a regular return had passed. A return was filed online under Section 142(1), but it was deemed invalid by the Centralized Processing Center (CPC), and the Income Tax Officer (ITO) is unable to process it, being reluctant to issue a notice to regularize the return. The suggested solution is to request the ITO to permit manual filing of the return.