Time limit for filing refund claim- Pre- deposit amt
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Pre-deposit refund: no statutory time limit; file a written claim with documents and interest accrues until sanction.
No statutory limitation period applies to a pre deposit refund claim. A claimant should submit a written request with supporting documents; the department ordinarily processes and sanctions the refund within a short administrative period. Interest is payable from the date of the pre deposit until sanction, subject to administrative verification and sanctioning procedures. (AI Summary)
No statutory limitation period applies to a pre deposit refund claim. A claimant should submit a written request with supporting documents; the department ordinarily processes and sanctions the refund within a short administrative period. Interest is payable from the date of the pre deposit until sanction, subject to administrative verification and sanctioning procedures. (AI Summary)
Dear Sir, What is the time limit for filing refund claim of pre-deposit made of 7.5%.please explain, thanks and regards.
TaxTMI