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Income tax refund

Others 616 views 2 replies

how much time i.t. dept. take for income tax refund of effing return itr-2

Replies (2)

Generally within 6 months, the assessee will receive the refund along with the Asst Order.

HI MANISH,

                    THEIR WILL BE NO CIRCULATION IN THIS REGARDS, . BUT SOME RULES IN I.T ACT U/S 244A REFERENCE THAT IF UR REFUND IS EXCEES TO 10 % OF TAX DETERMINED UNDER REGULAR ASSESSMENT THEN U WILL RECEIVE 0.5% INTEREST PER MONTH  ON REFUND AMOUNT.


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