Treatment of time barred return
This query is : Resolved
VANGARI GANGA RAJAM
(Querist)
30 May 2013
Return for the Asst. Year 2011-2012 filed on 30-03-2013 claiming TDS Refund amount and subsequently the physical ITR-V was sent to CPC on 04-04-2013.
In this case, whether the IT Dept. will treat the return as the time barred and will not process the refund ?
In this case, whether the IT Dept. will treat the return as the time barred and will not process the refund ?
Ganeshbabu K
(Expert)
30 May 2013
No ,it is not considered as timebarred return
it is belated return
But you need to send to CPC with in 120 days
it is belated return
But you need to send to CPC with in 120 days
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Pankaj Gupta
(Expert)
30 May 2013
The last date for filling this return was 31st march 2013. As the return was filled before this due date, therefor this return is valid and thus the refund will be processed at CPC. This return is called belated return. As the ITR V was send to CPC banguluru within 120 days, and it should have received the itr V within a period of 120 days , therefore everything is fine and therefore your refund shall be processed.
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