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of <h1>CBDT Updates Refund Claim Rules: No Interest on Delays, Six-Year Claim Limit, and New Authority Levels for Processing.</h1> The Central Board of Direct Taxes (CBDT) has updated the procedure for refund claims, specifying that no interest will be paid on delayed claims, and no claims will be accepted beyond six years from the relevant assessment year. Chief Commissioners of Income Tax (CCsIT) can handle refund claims between Rs.10,00,000 and Rs.50,00,000, while Commissioners of Income Tax (CsIT) manage claims up to Rs.10,00,000. Claims over Rs.50,00,000 remain with the CBDT. Conditions include ensuring the refund arises from excess tax deductions and that the income is not assessable under another person. Pending claims will also be addressed under these guidelines.
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