20 June 2012
Dear sir/madam,i want to file return of my uncle where he gets refund of Rs.50000.Please clarify me regarding time duration take by income tax department for refund of excess tax deducted.It takes long period or it depends upon situation.If it is genuine what is the duration where department takes please clarify Regards, Shivateja
20 June 2012
Refund is generally received within 3-4 months. Looking to the big amount of refund involved, you must take guidance of an expert in taxation.