BHIM BAHADUR SINGH 22 October 2019
In the budget it was stated that the ITRs will be processed with week time and also due amount will be refunded within week time. Now what happens to fm statement?
Now two months lapsed. There is no any information about refund.
Is there any information about this.
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CA Dhruva Kalamanji (Chartered Accountant ) 22 October 2019
you will get refund , 120 days time to e eveify the return. the FM has told in budget speech but not incorportaed in refund rules so you have ro wait
Kapadia Pravin 22 October 2019
Of course this time there is little delay but it's all due to aligning the Pan Nos with bank accounts and other software upgradation.
But now it is started release of refund and credit to assessee"s bank account.
Interest on delay in refund is also being paid.