Time barring of 6 years for refund application is only for “Tax Paid” and not when “payments are made” when income itself is exempt [Sec 237 of ITA’61 Vs Sec 431 of ITA’25]

Time barring of 6 years for refund application is only for “Tax Paid” and not when “payments are made” when income itself is exempt [Sec 237 of ITA’61 Vs Sec 431 of ITA’25] https://www.taxtmi.com/article/detailed?id=15636 The six-year administrative limitation for condoning delayed refund claims applies to refunds of tax paid, but does not apply where the payment was not a tax because the underlying receipt is exempt income; payments lacking the character of tax fall outside the circular's six-year restriction and may be refunded irrespective of that condonation limit. en-us Sat, 20 Dec 2025 07:49:46 +0530 Sat, 20 Dec 2025 07:49:46 +0530 TaxTMI RSS Generator Time barring of 6 years for refund application is only for “Tax Paid” and not when “payments are made” when income itself is exempt [Sec 237 of ITA’61 Vs Sec 431 of ITA’25] https://www.taxtmi.com/article/detailed?id=15636 The six-year administrative limitation for condoning delayed refund claims applies to refunds of tax paid, but does not apply where the payment was not a tax because the underlying receipt is exempt income; payments lacking the character of tax fall outside the circular's six-year restriction and may be refunded irrespective of that condonation limit. Articles Income Tax Sat, 20 Dec 2025 07:49:46 +0530 https://www.taxtmi.com/article/detailed?id=15636