Income Tax - Refund of Excess Amount of TDS Deducted and/or paid - CBDT Clarification

By Vijay Kumar

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.'

CBDT Circular No. 6/2011- Dated: August 24 2011