Time limit for Refund
This query is : Resolved
subrahmanya hegde
(Querist)
29 June 2010
Hi, Dear to all
I would like to know whether there is any time limit for Refund of Tax? If yes, what is Limitation of Time Period? Take A.Y 2009-10 for example.
Thanks and Regards,
Subrahmanya Hegde
I would like to know whether there is any time limit for Refund of Tax? If yes, what is Limitation of Time Period? Take A.Y 2009-10 for example.
Thanks and Regards,
Subrahmanya Hegde
CA Sanat Pyne
(Expert)
29 June 2010
generally it will come after one year from the end of the assesment year. Currently refund for the a.y. 2008-09 is comming.
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Taranjit Singh
(Expert)
02 July 2010
Although there is no stipulated time within which TDS refunds need to be processed, it usually takes ten to twelve months from the date of submission of return of income for the relevant financial year. However, if the refund takes abnormally higher amount of time to be processed, the assessee might take this matter up with appropriate authorities, as prescribed by the Income Tax Act.
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subrahmanya hegde
(Querist)
11 July 2010
thanks a lot
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