how much time i.t. dept. take for income tax refund of effing return itr-2
2 Replies
Sonam Bidasaria
(CA)
(770 Points)
Replied 11 May 2013
Generally within 6 months, the assessee will receive the refund along with the Asst Order.
CA rohit swami
(CHARTERED ACCOUNTANT)
(262 Points)
Replied 11 May 2013
HI MANISH,
THEIR WILL BE NO CIRCULATION IN THIS REGARDS, . BUT SOME RULES IN I.T ACT U/S 244A REFERENCE THAT IF UR REFUND IS EXCEES TO 10 % OF TAX DETERMINED UNDER REGULAR ASSESSMENT THEN U WILL RECEIVE 0.5% INTEREST PER MONTH ON REFUND AMOUNT.
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