Re: Refund

Under DTVSV received Form no 5 showing refund amount and want to ask when will refund amount will be credited in my Bank account

Please refer CBDT Circular No. 9 /2020 dt 22 -4 -2020 .  Q.  No. 5 and Answer  by the CBDT , wherein the  Board  has Clarified that  the assessee is entitle to refund  without interest under section 244A of the Act .   After receipt of certificate under section 5( 1) of the Act, issued by the Designated Authority , the assessee should make  an application for refund of the amount due to the assessee.  If the amount of refund due the assessee is not received within  a reasonable time the assessee may have to file writ before the High Court .

 

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