Refund on an already filed Return

[Bryan Bass]

I had taken a voluntary separation from my Organization in 2014 as it was shutting down. I got a golden handshake sum of around 5lacs. I paid Income Tax on the complete amount. However, now I am being told that I could have gotten a waiver on the IT under 'Golden Handshake Policy'. Can I still avail a refund on that amount?

AI Summary

Individual Seeks Tax Refund After Learning of Exemption Under Section 10(10C) for 2014 Golden Handshake Payment (10C) An individual who took a voluntary separation in 2014 received a golden handshake payment and paid income tax on it. They later learned they might have qualified for a tax waiver under the Golden Handshake Policy and inquired about obtaining a refund. One respondent advised attempting to claim the refund despite the delay, while another detailed the process, referencing Section 10(10C) for exemption and a CBDT circular allowing condonation for delayed claims up to six years. They suggested applying for condonation and ensuring all documentation is in order before filing the refund application.