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INCOME TAX REFUND

vandana (articled clerk) (233 Points)

13 March 2008

hi everyone

one of my clients has a refund that has been due for close to one and a half years.since he was emloyed in mumbai and shifted to gurgaon during the relevant assess. year, the address on his pan card too was changed this year in jan

however the it dept has still not received any info on this vhange while the client has received the new pan card.

what shld bedone pls help

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5 Replies

Anil (1638 Points)
Replied 13 March 2008

Website links for checking the status of Refunds : https://tin.tin.nsdl.com/oltas/refundstatuslogin.html https://www.incometaxindia.gov.in/CCIT/refundsearch.asp

(Guest)

refund amt

(Guest)

MY CHARTERED ACCOUNTANT , G.V.SAMANT &CO , SUBMITTED ITR-2 FOR THE ASSESSMENT YEAR 2007-2008 TO YOUR OFFICE ,ON 14TH FEB'08 ,VIDE RECEIPT NO 1921004536 ,CLAIMING REFUND OF RS.12596 /-. THIS WAS AUTOMATICALLY DEDUCTED BY CANARA BANK, SANTACRUZ WEST , FROM MY NEW DEFENCE PENSION ACCOUNT . I WILL APPRECIATE IF YOU KINDLY ARRANGE TO TRANSFER THE SAME REFUND AMOUNT IN MY PENSION A/C MENTIONED BELOW AS EARLY AS POSSIBLE .(Basudev Basu ; A/C No.-17297 ; Canara Bank ; 95/Pankaj ; Linking Rd.;Santacruz West;Mumbai-400054 ;MICR - 400015060 . WARMEST REGARDS -BASUDEV BASU ,PAN.NO-AAKPB7981P ; RES.TEL-022 - 26462466

kgbaliga (Mentor & Social Activist ) (43 Points)
Replied 03 December 2008

Refund of Tax consequent to relief given in terms of order of ITAT appeal against order of Assessing Officer u/s 143(3) making addl tax demand . and TRO recovering the said addl tax thru attachment of Bank account wven when appeal was pending.

1. Why it is necessary for a tax payer to run from pillar to post for refund and why cant the Dept gracefully refund the tax recovered thru coersion(by TRO) ? Tax receovered in 2003 has not been refunded even when the appeal was disposed off favourably in 2006 by Tribunal.

2. Also I see that the dept pays only interest at 0.5% per month on such refund even though they levy 1.25% p.m. for delayed payments of Tax payer ? why this double standard ?

vinay srivastava (student) (41 Points)
Replied 07 December 2009

Originally posted by :Anil
"	Website links for checking the status of Refunds : https://tin.tin.nsdl.com/oltas/refundstatuslogin.html https://www.incometaxindia.gov.in/CCIT/refundsearch.asp	"