Time period for refund
This query is : Resolved
Pankaj Singla
(Querist)
29 June 2014
Is dere any time period for Refund of Income Tax by deptt .
Nikhil Kaushik
(Expert)
29 June 2014
there are time limit on assessment under section 153.
The AO is supposed to grant refund within three months from the end of the month in which the assessment is closed. If the refund is not issued within three months interest is payable under section 243.
The AO is supposed to grant refund within three months from the end of the month in which the assessment is closed. If the refund is not issued within three months interest is payable under section 243.
15 July 2014
there is no time limit for only itr with refund issues.
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