The refund form is to be filed within the stipulated time period. Also, there shall be deduction in the amount to be refunded based on time period within which refund eForm is filed.
The following is the time slab for filing refund form and the corresponding deduction in refund amount:
| Time within which refund application is made | Default value for deduction |
|---|---|
| 0-90 days | 2.5% |
| 91-180 days | 5% |
| 181- 270 days | 7.5% |
| 271-365 days | 10% |
| More than 365 days | 25% |
Filing of refund form shall not be allowed after expiry of 1095 days of filing of the original request.
For all earlier cases, (i.e. cases filed before introduction of refund process), the time limit shall be considered from the date on which the refund process is introduced i.e. from 01/05/2011.
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