LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Belated refund is claimable or not

Gayathri R P (Student) (19 Points)

01 December 2020

Hi
I have an client who has been filed belated IT Return for AY 2019-20. He has refund of amount more than 3 lakhs is he is elegible to be claimed now or not.

Reply
Follow
Share

6 Replies

M BABU (203 Points)
Replied 01 December 2020

The taxpayer can file belated return and claim refund for 19 -20.

1 Like

Gayathri R P (Student) (19 Points)
Replied 01 December 2020

Thank u so much sir... can you please explain what all the documents needed for claiming the refund

rama krishnan (12234 Points)
Replied 02 December 2020

Nothing required... only requirement is to file ITR... on processing, refund will be issued

Gayathri R P (Student) (19 Points)
Replied 02 December 2020

Ok sir thank you so much

shahyar husain (1235 Points)
Replied 03 December 2020

A refund is claimed when excess tax paid on your income during the year as per Section 244A of the Income-tax Act, 1961. However, in case of belated returns, you may lose the interest that would be due on the refund amount. In any case it is claimable. I hope this helps.