Menu
Monetary limit
for condonation of delay for issuing the refund, what is the monetary limit in respect of CIT, Pr.cit, CCIT Pr. CCIT.
Replies (3)
Quick Summary
No Condonation for claim of refund or loss shall be entertained beyond six years from the end of the assessment year for which application or claim is made. The limit of six years is uniform for all authorities considering the application or claim
What is the limit sir?
1) Upto 10 lakh = Principle Commissioner , Commissioner of Income tax.
2) 10 lakh to 50 lakh = Principle Chief Commissioner , Chief Commissioner of income tax.
3) More than 50 lakh = CBDT
2) 10 lakh to 50 lakh = Principle Chief Commissioner , Chief Commissioner of income tax.
3) More than 50 lakh = CBDT
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
