Treatment of time barred return

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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 ?

Ganeshbabu K

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

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Pankaj Gupta

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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