Dear boarders,
A friend of mine e filed his ITR IV for AY 2011-12 (belated return) on 21 Sept 2012 to get his refund of 5000 rs (he was optimistic for refund). He had no tax liability. After submitting ITR V to CPC, when he checked his refund status he got the message from CPC " ITR Transferred out of CPC to jurisdiction Assessing Officer in Income tax office"?
What does above mean? Is the return he filed is invalid? What will be the repurcussions? Kindly help my friend.
Thanks in advance...