Refund of income tax for a y 2013-14

This query is : Resolved

yogesh vijaykumar shah (Querist)
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26 December 2013 I have received an intimation u/s 143(1) of Income Tax Act, 18961 for the Assessment Year 2013-14 stating that there is refund payable of Rs. 50/- But the same is not credited to bank account. Whether the refund less than Rs. 100/- shall nhot be credited by CPC Bangalore. Kindly advise us.

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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26 December 2013 Please don't waste time of experts for silly matters.
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However for your current query, it is replied as under with evidence :
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Articles - Intimation u/s 143(1) of the Income Tax Act

yourownadviser.com/.../tax/intimation-us-1431-of-the-income-tax-act‎

After successful assessment of tax returns by income tax department, issues Intimation u/s 143(1). ... If net taxable income is more than total tax paid, this Intimation u/s 143(1) will be ... Refunds amounting less than Rs 100 won't be refunded.

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