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ITR Refund

22 October 2019

sir,
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.
thanks

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3 Replies

Bharat Bohra (306 Points)
Replied 22 October 2019

Now i think they have stated issuing refund .
many of my clients have got refund

CA Dhruva Kalamanji (Chartered Accountant ) (1996 Points)
Replied 22 October 2019

Hi Bhim

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 (17249 Points)
Replied 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.