Income tax refund

921 views 7 replies

I had filled an ITR of my sister which is a salary return. In the return, there was a Refund of Rs.14000. After that, i filled revised return showing no refund and no tax. Meanwhile, my sister received amount of Rs14000 as IT Refund in her Bank Account.

Its almost 4 months over and no Income Tax Demand of Rs.14000 received yet.

When its normally expected to receive demand in such case? Will they charge any Interest on the amount?

Replies (7)
Demand shall be raised by it department in new intimation of section 143.

You will receive the demand in next intimation.

Yes. They will be charging interest as well.

Vineet, can you tell me interest under which section?

No interest shall be charged krutika as it is a mistake on department side and not on your side Only demand of ₹14,000/- will be raised in the intimation u/s 143(1).
Check for any compliance in IT Login.
Their will be new demand by IT department with Interest .

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