Section 200A of Income-tax Act, 1961 – Clarification regarding Circular No. 2/2011,Dated 27-4-2011 - Procedure for Regulating Refund of Excess Amount of TDS Deducted and/or Paid
In Circular No.2/2011 dated 25.4.2011, CBDT had clarified that; no claim of refund can be made after two years from the end of financial year in which tax was deductible at source. Now, the Board clarifies that ‘The refund claims pertaining to the period up to March 31, 2009 may be submitted to the Assessing Officer (TDS) up to 31.12.2012.’
In partial modification of Circular No. 2/2011, dated 27-4-2011, the following words
are added at the end of paragraph 4.2 of the said circular.
“However, the refund claims pertaining to the period upto March 31, 2009 may be submitted to the Assessing Officer (TDS) upto 31-12-2012.”
2. This issues with the approval of competent authority.
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