Rated 4.9/5 by 312+ Chennai clientsZero penalty record across all filings24-hour response · WhatsApp-first supportOffices: Maduravoyal, Nerkundram & Nolambur (upcoming)15+ years of expert tax & compliance consulting500+ active clients across 243 Chennai areasRated 4.9/5 by 312+ Chennai clientsZero penalty record across all filings24-hour response · WhatsApp-first supportOffices: Maduravoyal, Nerkundram & Nolambur (upcoming)15+ years of expert tax & compliance consulting500+ active clients across 243 Chennai areas
in the private sez within tharamani micro-market of Ascendas IT Park

Income Tax Refund in Ascendas IT Park, Chennai

IT Refund delivery for it services and ites firms across Ascendas IT Park — and a zero-penalty filing record

Handling Income Tax Refund for Ascendas IT Park and Tharamani clients — qualified review, a 7-year workpaper archive and fixed fees from day one. Call 9566-068-468.

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Quick Answer

What is the difference between refund interest at 0.5% and 1.5% in Ascendas IT Park, Chennai?

Section 244A grants 0.5% per month simple interest on refund of excess tax. Section 244A(1A), inserted by Finance Act 2016, provides additional interest at 3% per annum (0.25% per month) where refund flows from a CIT(A) / ITAT order and the AO does not give effect within the prescribed time. Section 234D conversely charges 0.5% per month on excess refund granted earlier and now found refundable to the department.

Transparent Pricing

Income Tax Refund in Ascendas IT Park — Plans & Pricing

Fixed fees · Zero hidden charges · Call 9566-068-468 for a custom quote.

MonthlyAnnualSave 2 Months
Refund Status
Status check + reissue
₹2,000/month
Annual: ₹24,000₹2,000 (Save ₹22,000)

  • Refund Status Check on incometax.gov.in
  • Form 26AS Download & Review
  • Bank Account Pre-validation Assistance
  • Refund Reissue Request Filing
  • Section 154 Rectification Application
  • Section 245 Set-off Reply
  • AIS / TIS Reconciliation
  • Coverage: Single AY
  • Refund Quantum: Up to ₹50
Starter
Section 154 rectification
₹3,500/month
Annual: ₹42,000₹3,500 (Save ₹38,500)

  • Refund Status Check on incometax.gov.in
  • Form 26AS Download & Review
  • Bank Account Pre-validation Assistance
  • Refund Reissue Request Filing
  • Section 154 Rectification Application
  • Section 245 Set-off Reply
  • AIS / TIS Reconciliation
  • Coverage: Single AY
  • Refund Quantum: Up to ₹2
Most Popular ⭐
Professional
Section 245 + AIS + Section 244A
₹6,500/month
Annual: ₹78,000₹6,500 (Save ₹71,500)

  • Refund Status Check on incometax.gov.in
  • Form 26AS Download & Review
  • Bank Account Pre-validation Assistance
  • Refund Reissue Request Filing
  • Section 154 Rectification Application
  • Section 245 Set-off Reply (21-day window)
  • AIS / TIS Reconciliation
  • Coverage: Up to 2 AYs
  • Refund Quantum: Up to ₹10
Premium
Section 119 condonation + writ
₹15,000one-time

  • Refund Status Check on incometax.gov.in
  • Form 26AS Download & Review
  • Bank Account Pre-validation Assistance
  • Refund Reissue Request Filing
  • Section 154 Rectification Application
  • Section 245 Set-off Reply (21-day window)
  • AIS / TIS Reconciliation
  • Coverage: Up to 6 AYs
  • Refund Quantum: Unlimited
  • WhatsApp Document Support
  • Status Update via WhatsApp
  • Section 244A Interest Computation & Claim
  • Section 119(2)(b) Condonation Petition (Circular 9/2015)
  • Article 226 Writ Petition for Delayed Refund

Swipe to see all plans

Prices exclude GST. For enterprise pricing, call 9566-068-468.

Why FilingPro?

Why Ascendas IT Park Clients Choose FilingPro

Expert IT Refund in Ascendas IT Park — qualified professionals, 15+ years experience, zero-penalty track record.

Section 154 Rectification Within 4 Years

Every Section 154 rectification is filed well within the four-year limitation under Section 154(7) from the end of the FY of the order. Six-month disposal under Section 154(8) is tracked till the rectification order is passed.

Section 245(2) Reply Within 21 Days

Section 245(2) prior intimations are replied within the 21-day statutory window for Ascendas IT Park clients. Where the underlying demand is stayed, paid or wrongly computed, the response is filed with documentary proof and the AO is required to dispose of it in writing.

Section 244A Interest Computed Fully

Section 244A interest is computed at 0.5% per month or part thereof under Rule 119A — from 1 April of the AY (prepaid taxes) or date of SA tax payment till date of refund. Section 244A(1A) additional 3% per annum on appellate refunds is claimed expressly.

Section 241A Withholding Challenged

Where refund is withheld under Section 241A during Section 143(2) scrutiny, the AO's recorded reasons are examined for whether they establish prejudice to revenue. Unsupported withholdings are challenged through representations and, where warranted, writ proceedings.

Bank Pre-validation Handled End-to-End

Bank account pre-validation is handled end-to-end — KYC compliance, IFSC verification, PAN linkage at bank CBS, EVC enablement and name match with PAN database. PFMS rejections are eliminated before refund-reissue.

Refund Reissue Request Filed Promptly

Refund-reissue requests are filed on incometax.gov.in promptly upon credit failure. Ascendas IT Park clients see refund credit in the next CPC disbursement cycle, with multiple reissue attempts where the bank requires fresh validation.

Key Benefits

What Ascendas IT Park Clients Get

Every Income Tax Refund engagement delivers measurable, guaranteed outcomes — expert professionals, on time, every time.

Section 244A Interest Recovered Fully
Section 244A interest at 0.5% per month is computed and claimed without omission. Section 244A(1A) additional 3% per annum on appellate refunds is recovered expressly through follow-up with the AO.
Zero TDS Credit Loss
Where TDS is deducted but not reflected in Form 26AS, Section 154 rectification is filed with the original deductor certificate per CBDT Instruction 5/2013 — credit cannot be denied for deductor's default (Court On Its Own Motion v. CIT, Delhi HC).
Section 245 Set-off Contested Where Wrong
Section 245(2) prior intimations are replied within 21 days. Wrongful adjustments against stayed or paid demands are reversed through written disposal and refund released with Section 244A interest.
Section 154 Rectification Done Right
Section 154 rectifications are filed only on mistakes apparent from the record per Volkart Brothers (1971) 82 ITR 50 SC — issues requiring debate routed through Section 246A appeal where appropriate.
Bank Pre-validation Cleaned
Bank account pre-validation is cleaned for KYC, IFSC, PAN linkage and EVC enablement before refund-reissue. Ascendas IT Park clients face zero PFMS-level rejections post sanction.
Section 241A Hold Released
Section 241A withholdings during scrutiny are challenged where reasons recorded do not establish prejudice to revenue. Refund release is pursued through representation and writ remedy.
Comparison

Standard Section 244A Refund vs Section 245 Set-off Withheld Refund

Why this matters here — Ascendas IT Park businesses operate where the cluster of it services, ites, software businesses that defines Ascendas IT Park's commercial fabric, and served by short connections to Tharamani and Tidel Park and onward to central Chennai.

AspectStandard Section 244A RefundSection 245 Set-off Withheld Refund
Triggering provisionRefund arises on processing under Section 143(1) or assessment under Section 143(3) where prepaid taxes (TDS, TCS, advance tax, self-assessment) exceed final liabilitySame refund determined but routed through Section 245 set-off where an outstanding demand from any earlier assessment year is recorded on the demand portal
Pre-adjustment procedural safeguardNo prior notice required — refund credited to the validated bank account within the system-driven timeline post intimationPrior intimation in writing mandatory under the proviso to Section 245(1) giving the assessee 30 days to file response disputing the outstanding demand
Interest treatment under Section 244AInterest at half per cent per month under Section 244A(1)(a) for TDS/TCS/advance tax refund from 1 April of AY to date of grant; clause (aa) covers self-assessment tax from date of paymentInterest accrues till date of set-off adjustment; period covered by the set-off does not enjoy further interest since the refund is treated as having been granted on that date
Window to respond before adjustmentNot applicable — no contest possible since no demand stands in the way30-day window from date of Section 245 intimation to file objections through the e-filing portal; non-response is treated as deemed consent
Section 241A withholding overlayRefund released after Section 143(1) intimation; Section 241A does not apply where no scrutiny notice under Section 143(2) is pendingWhere Section 143(2) scrutiny is pending, refund may instead be withheld under Section 241A with recorded reasons and approval of the Principal Commissioner
Remedy on wrongful adjustmentSection 154 rectification for arithmetic or 244A interest computation errors; appeal under Section 246A where refund quantum itself is disputedWrite petition under Article 226 before the Madras HC where the underlying demand is stayed, time-barred, or the 30-day Section 245(1) proviso intimation was skipped
Onus on the departmentNo active onus — refund is system-driven once intimation issues; delay attributable to department triggers 244A interest automaticallyDepartment must demonstrate that the outstanding demand is enforceable, not stayed, and that the proviso notice was duly served before invoking set-off
Madras HC line on procedural complianceMadras HC has repeatedly held in writ matters that Section 244A interest is automatic and not contingent on assessee claim or departmental discretionMadras HC has quashed Section 245 adjustments where the 30-day proviso intimation was not served, treating the lapse as fatal to the set-off
Effect of pending appeal on adjustmentNo bearing — refund is delivered free of any encumbranceWhere the outstanding demand is the subject of a pending Section 246A appeal with a stay order under Section 220(6), the demand cannot be treated as recoverable for Section 245 purposes
Time within which refund must reach assesseeNo outer limit prescribed but the second proviso to Section 143(1) caps processing at 9 months from end of FY of furnishing return; delay thereafter sustains 244A interestAdjustment date governed by the Section 245 intimation and the resulting recovery posting; the residue of refund (if any) follows the standard timeline
Doctrine bar on new claims through Section 154Section 154 rectification permits correction of mistake apparent from record; Goetze (India) v CIT bars introduction of a fresh deduction claim before the AO except by a revised returnSame Goetze (India) discipline applies — assessee cannot use the Section 245 response window to claim a new deduction; the window is limited to disputing the outstanding demand on which set-off is sought
Statutory anchorRefund of excess tax paid under Chapter XIX, Sections 237 to 245 of the Income Tax Act 1961, with mandatory interest under Section 244A(1)Refund determined but adjusted against outstanding demand of the same assessee under Section 245(1) read with the proviso requiring prior intimation
Documents Required

Documents for Income Tax Refund

Share documents via WhatsApp to 9566-068-468. No office visit required for Ascendas IT Park clients.

Filed ITR acknowledgement (ITR-V) for the relevant AY
Form 26AS for the relevant AY downloaded from TRACES
Annual Information Statement (AIS) and Taxpayer Information Summary (TIS)
Refund status print from incometax.gov.in (Refund / Demand Status)
Bank pre-validation print and EVC enablement screenshot
Section 143(1) intimation / Section 154 order / Section 245 intimation copy
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Statutory Deadlines

Compliance deadlines that matter

Miss any of these and the next consequence kicks in automatically.

Deadlines in this neighbourhood — Ascendas IT Park businesses operate where the business activity radiating outward from Ascendas IT Park Tower and nearby commercial pockets.

Trigger eventDaysFormConsequence
Filing of original return claiming a refund for the assessment yearOn due dateITR-1 to ITR-7 as prescribed under Rule 12Filing beyond Section 139(1) due date forfeits the Section 244A(1)(a) interest from 1 April of the assessment year; interest runs only from the date of furnishing the belated return
Belated return claiming refund where original due date is missedOn due dateITR-1 to ITR-7 with belated markerRefund remains claimable but interest under Section 244A(1)(a) runs only from the date of furnishing; loss carry-forward (other than house property) is denied
CPC processing intimation under Section 143(1)270 daysIntimation under Section 143(1) generated by CPC BengaluruWhere the intimation is not issued within nine months from the end of the financial year of furnishing, the return acknowledgement itself is deemed to be the intimation; refund remains determinable through Section 154
Response to Section 245 set-off intimation by CPC30 daysResponse to Outstanding Demand on e-filing portalSilence is treated as consent and the CPC proceeds with adjustment against the listed outstanding demand; agree-partly and disagree responses must be supported by stay orders or rectification references
Condonation application under Section 119(2)(b) for belated refund claimOn due dateManual application to jurisdictional authority per CBDT Circular 9 of 2015Application must be filed within six years from the end of the assessment year for which the refund is claimed; claims older than six years are not entertainable under the Circular
Withholding of refund pending scrutiny under Section 143(2)60 daysRecorded reasons under Section 241A with Pr. CIT approvalRefund is held back until completion of assessment under Section 143(3); the assessee retains the Section 244A interest entitlement on the eventual refund
Form 26AS or AIS reconciliation before filingOn due dateForm 26AS / AIS download from compliance portalUnreconciled TDS credits result in summary disallowance under Section 143(1)(a)(iii); refund quantum drops and rectification cycle follows
Appellate order under Section 250 reversing an addition90 daysOrder giving effect under Section 153(5)Failure to pass the giving-effect order within three months from receipt by Pr. CIT triggers additional interest at three percent per annum under Section 244A(1A)

Deadline pressure points we see in Ascendas IT Park: Closer to Ascendas IT Park, for Ascendas IT Park units balancing production cycles with monthly GST and quarterly TDS compliance.

Forms Library

Forms used in this engagement

Form 30Claim for refund (legacy — pre-2019)

Standalone refund claim form used prior to the Finance Act 2019 amendment that integrated the refund claim into the return of income; retained for legacy or special-circumstances claims

Within the limitation period prescribed under Section 239 pre-amendment — one year from end of assessment year Jurisdictional Assessing Officer
Section 154 Rectification RequestRectification of intimation under Section 143(1) to release withheld refund

Filed on the e-filing portal under Services > Rectification to correct an intimation that mis-stated tax credit, denied a deduction or omitted advance-tax payment

Within four years from the end of the financial year in which the order sought to be rectified was passed Centralised Processing Centre or Assessing Officer depending on the rights flag in the intimation
Section 119(2)(b) Condonation ApplicationApplication seeking condonation of delay in refund claim

Manual application to the jurisdictional authority establishing genuine hardship; supported by reasons explaining the delay and proof of the underlying excess-tax payment

Within six years from the end of the assessment year for which the refund is claimed Pr. CIT, Pr. CCIT or CBDT depending on monetary limits in CBDT Circular 9 of 2015
Response to Outstanding DemandTaxpayer response to a Section 245 set-off intimation

Filed on the e-filing portal under Pending Actions > Response to Outstanding Demand; permits agree, agree-partly or disagree with supporting documents

Thirty days from the issue of the Section 245 intimation Centralised Processing Centre, Bengaluru
Grievance — Refund Pendinge-Nivaran grievance for refund delayed beyond statutory timelines

Escalation channel for refunds determined under Section 143(1) but not credited; raises a ticket against the jurisdictional Pr. CIT and the CPC

No statutory deadline; pragmatically raised after sixty days of refund determination without credit e-Nivaran module on the e-filing portal
Schedule TDS / Schedule TCS in ITRTDS and TCS credit claim within the return of income

Captures the deductor-wise and challan-wise breakdown of tax credit claimed; ties to Form 26AS and AIS for summary processing reconciliation

Filed with the original or revised return under Section 139 Centralised Processing Centre, Bengaluru, through the e-filing portal
ITR-1 (SAHAJ)Return of income for resident individuals with income up to ₹50 lakh

Captures salary, one house property, other-source income and refund claim for resident individuals not having business income; Schedule TDS and Schedule TCS feed the refund computation

31 July of the assessment year for non-audit cases under Section 139(1) Centralised Processing Centre, Bengaluru, through the e-filing portal
ITR-2Return of income for individuals and HUFs not having business or profession income

Used by salaried persons with capital gains, foreign assets, multiple house properties or income exceeding the SAHAJ thresholds; Schedule TDS-1, TDS-2 and TCS feed the refund determination

31 July of the assessment year for non-audit cases under Section 139(1) Centralised Processing Centre, Bengaluru, through the e-filing portal

Income Tax Refund in Ascendas IT Park, Chennai 600113

Ascendas IT Park is a private SEZ within Tharamani housing global captive centres and IT services firms across multiple grade-A towers. We keep a cycle-by-cycle record of how the Velachery Division of the Chennai South handles Ascendas IT Park filings and approvals. Records we prepare for Ascendas IT Park carry the geo-zone 600xx tag and coordinates 12.9866, 80.2511, which map each submission back to this locality. Every Ascendas IT Park engagement we open begins with the basics: PIN 600113, the Velachery Division, and the coordinates 12.9866, 80.2511 that anchor the locality.

Document pickup near Ascendas IT Park Tower is a same-hour errand for our Ascendas IT Park engagements rather than the half-day a typical Chennai client expects. Ascendas IT Park sustains a high flow of commerce for a private sez within tharamani locality, and that flow is the raw material for the IT Refund files we close here. Ascendas IT Park reads as a private sez within tharamani pocket with high commercial activity, anchored around Ascendas IT Park Tower and fed by the Tharamani MRTS Station corridor. Working in Ascendas IT Park brings a logistical edge: proximity to Ascendas IT Park Tower and the Tharamani MRTS Station corridor keeps physical document handling fast.

it services units around Ascendas IT Park share recurring IT Refund patterns — input-credit timing, vendor reconciliation, and sector-specific documentation. Sector concentration matters: when Ascendas IT Park leans toward it services, the IT Refund risks cluster around the same few line items each cycle. We have closed enough Income Tax Refund files for it services firms near Ascendas IT Park to know where the department usually probes. Mixed it services activity across Ascendas IT Park means our IT Refund team keeps sector playbooks ready rather than improvising per client.

The Ascendas IT Park Income Tax Refund workflow is documented end-to-end: WhatsApp document intake, a working file, qualified review, and a filed acknowledgement back to you. Every IT Refund file we open for Ascendas IT Park is reconciled, reviewed by a qualified practitioner, and archived for seven years. We keep a repeatable IT Refund checklist for Ascendas IT Park so nothing in the cycle is improvised or missed. Working papers for Ascendas IT Park Income Tax Refund engagements stay archived and retrievable, which makes any later notice or query straightforward to answer.

Coverage from Ascendas IT Park naturally extends to Velachery, so group entities across the area share one Income Tax Refund workflow. A client relocating between Ascendas IT Park and Velachery keeps the same IT Refund file and the same team. Businesses straddling Ascendas IT Park and Velachery get a single IT Refund point of contact rather than two. Group companies spread across Ascendas IT Park and Velachery consolidate their IT Refund under one engagement with us.

Over several cycles in Ascendas IT Park, the recurring Income Tax Refund issues cluster around a predictable short list we screen for early. Each engagement in Ascendas IT Park adds to a record of what the Chennai South jurisdiction expects, sharpening the next IT Refund file. Patterns we track for Ascendas IT Park include captive centres documentation gaps, timing mismatches, and the questions the Velachery Division tends to raise. Recurring gaps in Ascendas IT Park captive centres records are the first thing our Income Tax Refund review closes out.

We onboard new Ascendas IT Park entities onto a Income Tax Refund cadence that is audit-ready from the very first cycle. When a Tidel Park business expands into Ascendas IT Park, we extend its IT Refund setup to PIN 600113 without disruption. New it services ventures in Ascendas IT Park lean on us to stand up Income Tax Refund correctly before the first deadline rather than after a notice. For a new business incorporating in Ascendas IT Park or shifting its principal place of business here, Income Tax Refund setup is one of the first things to get right.

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Expert Guide

Income Tax Refund in Ascendas IT Park — Complete Guide

Most refund delays we see for Ascendas IT Park taxpayers originate from one of four causes — TDS not reflected in Form 26AS due to deductor default, Section 143(1)(a) prima facie adjustment from AIS mismatch, Section 245 set-off against an outdated demand, or PFMS bank-validation failure post-sanction. FilingPro's process eliminates all four through pre-filing reconciliation, prompt Section 245(2) reply, and pre-validated bank account verification.

Income Tax Refund Recovery in Ascendas IT Park, Chennai

Refund processing, Section 154 rectification, Section 245 set-off reply and Section 244A interest claim for Ascendas IT Park taxpayers handled by qualified professionals through CPC Bengaluru and the jurisdictional Assessing Officer.

Income Tax Refund Consultant in Ascendas IT Park — Section 154 & Section 244A Expert

A dedicated refund consultant in Ascendas IT Park reviews the Section 143(1) intimation, reconciles Form 26AS and AIS, files Section 154 rectification within 4 years, and computes Section 244A interest at 0.5% per month from 1 April of the AY.

Section 245 Set-off Reply and Section 241A Refund Hold in Ascendas IT Park

Section 245(2) prior intimations are replied within the 21-day window in Ascendas IT Park, and Section 241A withholding orders during scrutiny are challenged where the recorded reasons do not establish revenue prejudice.

Section 119(2)(b) Condonation and Writ Petition for Refund in Ascendas IT Park

For time-barred refund claims, Section 119(2)(b) condonation is filed under Circular 9/2015 read with Circular 11/2024 before the Pr.CCIT / CCIT / Pr.CIT, and Article 226 writ filed at the Madras HC where the department withholds refund without lawful authority.

Get Expert Help Today
Qualified professionals handle your IT Refund in Ascendas IT Park. WhatsApp documents — we begin within 24 hours. From ₹2,000/per-case. Free consultation.
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Key Facts — Income Tax Refund in Ascendas IT Park
Section 143(1) intimation reviewed line-by-line — TDS, advance tax and SA tax credits reconciled to Form 26AS for Ascendas IT Park clients.
Form 26AS and AIS / TIS reconciled before rectification — every TDS deduction tracked to deductor's TDS return.
Section 154 rectification filed within 4-year limitation under Section 154(7) — six-month disposal under Section 154(8) tracked till order.
Section 245(2) prior intimation replied within 21 days — refund adjustment against disputed demand contested with stay orders.
Section 244A interest computed at 0.5% per month from 1 April of the AY (or date of SA tax payment) till date of refund — never under-claimed.
Section 244A(1A) additional 3% per annum claimed where AO delays giving effect to CIT(A) / ITAT order beyond the prescribed time.
Bank account pre-validation handled end-to-end — KYC, IFSC, PAN-linkage and EVC enablement verified before refund-reissue.
Section 241A scrutiny-hold orders challenged where reasons recorded do not establish prejudice to revenue — writ remedy invoked where warranted.
Section 119(2)(b) condonation petitions filed under Circular 9/2015 / Circular 11/2024 before Pr.CCIT / CCIT / Pr.CIT for time-barred refund claims.
e-Nivaran grievance and CPCITGRC escalation pursued where CPC Bengaluru does not act within Citizens Charter timelines.
People Also Ask — IT Refund in Ascendas IT Park
How long does an income tax refund take after ITR filing?
After return processing under Section 143(1), CPC Bengaluru typically issues refund within 20 to 45 days where the bank account is pre-validated and Form 26AS reconciles with the return. Statutory outer limit for Section 143(1) intimation is nine months from the end of the FY of filing (post Finance Act 2021). Where intimation is delayed, Section 244A interest accrues at 0.5% per month.
Why has my income tax refund been adjusted against a demand?
Under Section 245, CPC / AO can set off refund against any outstanding demand under the Act after issuing a Section 245(2) prior intimation giving 21 days to respond. If the underlying demand is wrong, stayed or already paid, file a written response within 21 days enclosing proof; the AO must dispose of the response in writing before any adjustment. Wrongful adjustments are recoverable with Section 244A interest.
What is the time limit for Section 154 rectification?
Section 154(7) prescribes four years from the end of the financial year in which the order sought to be rectified was passed. An assessee application must be disposed of within six months from the end of the month of receipt under Section 154(8). Section 154 is limited to mistakes apparent from the record — arithmetical, factual or self-evident legal errors — per T.S. Balaram, ITO v. Volkart Brothers (1971) 82 ITR 50 (SC).
How is Section 244A interest calculated on a delayed refund?
Rule 119A read with Section 244A grants simple interest at 0.5% per month or part thereof. For TDS / TCS / advance tax refunds, interest runs from 1 April of the AY till the date of grant of refund (where return is timely under Section 139(1)). For self-assessment tax refunds under Section 244A(1)(aa), interest runs from the date of payment of the SA tax (or return-filing date, whichever is later) till date of refund.
Why is my refund credit failing to my bank account?
Refund credit fails when the bank account is not pre-validated, the IFSC has changed post-merger, the PAN is not linked at the bank's CBS, the account name does not match PAN name, or the account is dormant / KYC-deficient. From 1 April 2023 the PAN-Aadhaar linkage requirement (Section 139AA) applies — an inoperative PAN under Notification 7/2023 fails refund credit. Add a fresh pre-validated account and raise a refund-reissue request.
Can a time-barred refund be recovered through Section 119(2)(b)?
Yes. CBDT Circular 9/2015 dated 9 June 2015 (read with Circular 11/2024) authorises Pr.CCIT / CCIT / Pr.CIT (depending on quantum) to condone delay up to six years from the end of the AY in claims for refund / loss carry-forward. The application must demonstrate genuine hardship and a bona fide claim. Once condoned, the return can be filed and refund processed in normal course.
How do I file a refund grievance with CPC Bengaluru?

Use the e-Nivaran or CPGRAMS portal at pgportal.gov.in to file a refund grievance against CPC Bengaluru; alternatively call the CPC helpdesk at 1800 103 0025 or e-mail efilingwebmanager@incometax.gov.in with PAN and AY.

What is the consequence of not pre-validating bank account?

Refund cannot be credited; CPC will hold the refund in suspense; Section 244A interest continues to run since the failure is administrative not assessee-attributable; pre-validate via instant EVC on the e-filing portal to enable credit.

Can I claim refund for foreign tax paid on overseas income?

Yes — claim Foreign Tax Credit under Section 90 read with the applicable DTAA; file Form 67 before furnishing the return disclosing the FTC claim; Rule 128 governs the credit computation; delayed Form 67 is curable through Section 154 rectification.

What happens to refund where assessee dies before credit?

The refund accrues to the estate and is payable to the legal representative under Section 159; the legal heir must register on the e-filing portal with death certificate and succession proof; refund is credited to the heir's pre-validated account.

Is the income tax refund process the same in Chennai as in other cities?

Yes — refund processing is centralised at CPC Bengaluru and uniform across India; jurisdictional AOs in Chennai handle only rectification, scrutiny and appeal-effect orders; the procedural rights under Sections 237 to 245 apply identically nationwide.

How long does an income tax refund take to credit in Chennai?

Under the second proviso to Section 143(1), CPC processing of return is mandated within 9 months from end of FY of furnishing return; refund typically credits within 7 to 12 weeks of intimation to a pre-validated bank account.

What Ascendas IT Park clients want to know before signing: Closer to Ascendas IT Park, on the Tharamani-Tidel Park corridor that passes through Ascendas IT Park.

Expert Guide

A complete walkthrough — Income Tax Refund

Reading this guide locally — Ascendas IT Park businesses operate where around the Ascendas IT Park Tower catchment of Ascendas IT Park.

What is an income tax refund and the statutory basis

Refund claimants under Section 238

Section 238 prescribes who is entitled to make the refund claim. Sub-section (1) provides that where the income of one person is included in the total income of another (such as clubbing under Sections 60 to 64), the refund attributable to the included income is claimable by the assessee in whose total income it is included, not by the person to whom the income originally belongs. Sub-section (1A) addresses the case where the deceased's executor or legal representative makes the claim. Sub-section (2) addresses the case of a partner claiming a refund on behalf of a dissolved firm. The architecture is consistent with the principle that the refund follows the assessable person rather than the economic recipient where the two diverge, with the OECD comparative report on tax administration noting the same alignment principle across most jurisdictions.

International comparisons of refund frameworks

The OECD Tax Administration 2023 comparative report places the Indian refund framework within the broader category of self-assessment regimes with automated processing. The United States Internal Revenue Service operates a similar Section 6402 framework with the comparable refund-set-off mechanism against outstanding federal debt. The United Kingdom HMRC framework under the Taxes Management Act 1970 Section 59B operates a narrower self-assessment scope, with refunds processed substantially through the PAYE adjustment mechanism rather than separate refund applications. The Australian Taxation Office automated refund-processing system, integrated with the pre-fill architecture, represents a leading comparator for the Indian Centralised Processing Centre at Bengaluru, with the Easwar Committee 2016 report on tax simplification referencing the Australian model as the design benchmark for the Indian CPC operational architecture.

Refund entitlement under Section 237

An income tax refund arises under Section 237 of the Income-tax Act 1961, which provides that where any person satisfies the Assessing Officer that the amount of tax paid by him or on his behalf or treated as paid by him or on his behalf for any assessment year exceeds the amount with which he is properly chargeable under the Act for that year, he shall be entitled to a refund of the excess. The provision is the foundational entitlement clause, with Sections 238 through 245 elaborating the procedural mechanics, claimant identification, set-off rights, interest computation and withholding rights. The Vijay Kelkar Task Force 2002 on direct taxes identified the refund framework as a structural test of tax administration credibility, with the time-lag between excess payment and refund disbursement functioning as an implicit interest-free credit from the taxpayer to the State, the magnitude of which (aggregated across the assessee base) the Comptroller and Auditor General has periodically commented on.

Form 26AS reconciliation for refund accuracy

Common reconciliation discrepancies

Common discrepancies between Form 26AS and the taxpayer's primary records include deductor-side data-entry errors (such as PAN-mistype causing the credit to land in another taxpayer's account), section-code mistype (Section 194J entry recorded under Section 194C), assessment-year mismatch (current-year deduction recorded against prior assessment year), and quantum mismatch (gross amount understated or overstated). Each discrepancy category requires a specific correction route. PAN-mistype requires the deductor to file a revised quarterly TDS return correcting the deductee PAN. Section-code mistype requires the deductor to file a revised return with corrected section-code. Assessment-year mismatch requires the deductor to file a revised return reallocating the credit to the correct year.

Rule 37BA TDS credit framework

Rule 37BA of the Income-tax Rules 1962 prescribes the framework for TDS credit allocation. Sub-rule (1) provides that the credit is given to the person from whose income the deduction has been made, even if the deduction is recorded against a different PAN. Sub-rule (2) addresses the case of joint ownership (multiple deductees), allowing apportionment among co-owners by declaration to the deductor. Sub-rule (3) addresses the timing of credit, providing that credit is given in the assessment year in which the corresponding income is assessable. The Rule 37BA framework is the principal procedural anchor for resolving Form 26AS reconciliation discrepancies, with the deductor-side correction operating through Rule 37BA-aligned revised return filing.

Post-filing reconciliation and grievance

Where Form 26AS discrepancies are identified only after return filing, the post-filing correction operates through the e-nivaran grievance redressal mechanism. The taxpayer logs the grievance against the assessment year and the deductor PAN, with the supporting documentation (Form 16A from the deductor, bank statement for the underlying transaction, and the corrected-26AS expectation). The grievance is routed to the deductor-side jurisdictional Assessing Officer (TDS) who corresponds with the deductor for the revised quarterly return filing. Once the Form 26AS is updated, the taxpayer may file Section 154 rectification of the prior assessment year return to claim the corrected credit, with the consequential refund accruing Section 244A interest from the date of the original return filing.

AIS impact on refund computation

AIS architecture and refund relevance

The Annual Information Statement (AIS), introduced through CBDT Circular 8/2021 dated 13 May 2021 under Section 285BB read with Rule 114-I, captures a substantially wider transactional universe than the traditional Form 26AS. AIS captures securities transactions reported by depositories and registrars under Rule 114E, mutual fund transactions, dividend disbursements under Section 194 from listed and unlisted companies, interest from banks under Section 194A, rent and salary perquisites where reportable, and foreign remittance information under the Liberalised Remittance Scheme reporting. The refund-claim accuracy depends on AIS-based reconciliation in addition to the traditional Form 26AS reconciliation, with the AIS feedback mechanism allowing the taxpayer to flag inaccurate entries before return finalisation.

AIS feedback mechanism

The AIS feedback mechanism allows the taxpayer to submit responses under five categories. Category 1 (information is correct) confirms the AIS entry. Category 2 (information is not fully correct) flags partial inaccuracy with explanation. Category 3 (information relates to other person) flags PAN-misallocation. Category 4 (information is duplicate) flags repeated entries from the same source. Category 5 (information is denied) flags non-existent transactions. The feedback updates the Taxpayer Information Summary (TIS) which feeds the pre-fill of the next return. The CBDT in Circular 8/2021 paragraph 8 explicitly clarified that AIS-reported values are informational and the taxpayer's primary records remain authoritative, with the AIS feedback mechanism providing the formal channel for correction.

AIS-TIS interaction with refund processing

The Taxpayer Information Summary (TIS) functions as the simplified derived view of AIS, presenting category-wise aggregates compatible with the pre-fill of ITR forms. The Centralised Processing Centre at Bengaluru cross-references the TIS values against the return-disclosed values during Section 143(1) processing, with material divergences triggering prima facie adjustments under Section 143(1)(a). The refund processing is therefore dependent on TIS-aligned return disclosure, with any deviation requiring substantiation in the response window to the Section 143(1) intimation. The OECD Forum on Tax Administration 2022 update on pre-filled returns identifies the AIS-TIS-pre-fill architecture as a leading example of informational integration in modern tax administration design.

Centralised Processing Centre timeline

Refund-priority mechanisms

The CPC architecture incorporates refund-priority mechanisms for specific taxpayer categories. Senior citizens (sixty years and above) and very senior citizens (eighty years and above) receive expedited processing under the CBDT Citizen Charter commitments. Small-refund-amount returns (typically below ten thousand rupees) are processed under accelerated tracks to reduce the aggregate pendency. The CBDT periodically conducts refund-clearance drives where prior-year-pending refunds are batch-processed to clear the backlog, typically announced through CBDT press releases. The taxpayer's procedural cooperation through prompt e-verification and accurate bank-account validation remains the principal determinant of the actual processing speed, with the priority mechanisms providing the structural-level acceleration.

CPC architecture and operational model

The Centralised Processing Centre at Bengaluru, operational from 2009 onwards, processes the bulk of income-tax returns under the Section 143(1) automated framework. The CPC operates through the rule-engine that the CBDT periodically updates with Finance Act amendments, with the processing windows being publicly committed. The CPC architecture is consistent with the OECD-recommended automated-processing model, comparable to the United States IRS Modernization e-File system and the United Kingdom HMRC self-assessment processing infrastructure. The Easwar Committee 2016 report on tax simplification specifically referenced the CPC operational success in establishing the credibility of the automated-processing paradigm in Indian tax administration, with the consequential refund-disbursement-timeliness improvement being a tangible benefit.

Standard processing timeline

The standard CPC processing timeline operates on the following structural milestones. Return filing on the e-filing portal is acknowledged immediately with the acknowledgement number. The return-validation through e-verification or physical-ITR-V submission to CPC Bengaluru completes within thirty days of the return filing (under the Notification 5/2022). The Section 143(1) processing typically commences within ninety to one hundred eighty days of e-verification, with the intimation issued at processing completion. Refund disbursement follows within fifteen to thirty days of the intimation, subject to bank-account validation status. The aggregate timeline from return filing to refund credit is therefore typically four to six months for straightforward returns, with the outer limit being the Section 143(1) nine-month statutory window.

What Ascendas IT Park clients usually ask next: Closer to Ascendas IT Park, for Ascendas IT Park units balancing production cycles with monthly GST and quarterly TDS compliance.

Glossary

Plain-English glossary for this service

Section 119(2)(b) condonation

Section 119(2)(b) condonation is the discretionary power of the CBDT (delegated to Pr.CIT, CCIT, Pr.CCIT depending on quantum) to admit refund claims and loss carry-forward applications filed after the statutory due date, where the taxpayer demonstrates genuine hardship and the claim is bona fide. The framework under Circular 9/2015 read with Circular 11/2024 allows a maximum of six years from the end of the assessment year for refund condonation petitions.

Section 143(1)(a) prima-facie adjustment

Section 143(1)(a) prima-facie adjustment is the centralised power of CPC to make six categories of additions or disallowances during return processing — arithmetic error, incorrect claim apparent from the return, disallowance of loss carry-forward, disallowance of deduction beyond Chapter VI-A limit, addition of income reflected in 26AS or AIS but not in the return, and disallowance of exempt-income-related expense. Reply window under the second proviso is thirty days.

Outstanding Demand tab

Outstanding Demand tab is the e-filing portal section under 'Pending Actions' that shows every demand outstanding against the taxpayer across all assessment years, including stale legacy demands that have never been intimated by post. Clearing this tab — either by paying, contesting under Section 154 or rectifying — before every refund-eligible filing is the only reliable way to pre-empt a Section 245 surprise set-off.

Section 264 revision

Section 264 revision is the discretionary remedy before the Pr.CIT against any order passed by an authority subordinate to him, available where the assessee has no other appeal pending and the order is prejudicial. The limitation is one year from communication of the order. Section 264 is the principal salvage route where the Section 154(7) four-year rectification window has lapsed but the underlying mistake is still curable.

Form 24Q quarterly TDS return

Form 24Q is the quarterly TDS return that every salary-paying employer must file under Rule 31A for tax deducted under Section 192 from salaries. Quarterly filing populates the employee's Form 26AS within the next reporting cycle. Failure or delay by the deductor in filing Form 24Q causes TDS to not appear in the employee's 26AS, blocking the refund claim at Section 143(1) processing despite a valid Form 16.

CBDT Instruction 275/29/2014-IT(B)

CBDT Instruction 275/29/2014-IT(B) directs Assessing Officers and CPC that TDS credit reflected in the taxpayer's Form 16 or Form 16A must be granted to the assessee even where the corresponding entry is missing in Form 26AS due to the deductor's default in filing the quarterly TDS return. The instruction operationalises the principle in Court On Its Own Motion v. CIT (Delhi HC 2013) and is the strongest written authority for refund claims blocked by deductor non-compliance.

Rule 128 foreign tax credit

Rule 128 of the Income-tax Rules prescribes the manner of granting foreign tax credit under Section 90, 90A or 91. Sub-rule (9) requires Form 67 to be filed before the end of the assessment year (post amendment by Notification 100/2022); pre-amendment it had to be filed by the return due date. Form 67 must precede Schedule TR claims in the return to avoid Section 143(1)(a) FTC disallowance.

Article 226 writ for refund

Article 226 of the Constitution empowers a High Court to issue writs including mandamus directing release of a wrongfully withheld refund where statutory remedies are exhausted or are not efficacious. Madras HC and other High Courts have repeatedly granted interim mandamus directing CPC and the AO to release refunds with Section 244A interest where Section 241A withholdings have been kept alive without recorded reasons.

Refund

Refund is the amount returned by the income-tax department to the taxpayer where the aggregate of tax deducted at source, tax collected at source, advance tax and self-assessment tax exceeds the tax properly chargeable for the assessment year. The right to refund is conferred by Section 237 of the Income-tax Act 1961, and the quantum is determined either by summary processing under Section 143(1) or by regular assessment.

Section 244A interest

Section 244A interest is the simple interest payable by the department on a refund granted to the assessee, at one-half of one percent per month or part of a month. The interest runs from 1 April of the assessment year for refunds out of TDS, TCS and advance tax, provided the return is furnished within the Section 139(1) due date; otherwise it runs from the date of furnishing.

Section 245 set-off

Section 245 set-off is the statutory adjustment of a determined refund against any sum remaining payable by the assessee under the Act. The first proviso requires a written intimation listing the demand sought to be adjusted, and the assessee is allowed thirty days to respond on the e-filing portal before the adjustment is finalised.

Refund Banker

Refund Banker is State Bank of India, designated by the Central Board of Direct Taxes under Notification 70 of 2017 to disburse income-tax refunds through ECS or NEFT to the pre-validated bank account of the taxpayer. The bank pushes credits on the basis of refund advice generated by CPC Bengaluru and reports failed credits with prescribed reason codes.

Cost of Non-Compliance

Real-world penalty exposure

Numerical examples showing tax + interest + penalty across common default scenarios.

ScenarioBase taxInterestPenaltyTotal
Section 270A under-reporting penalty proposed at 50% on disallowed claim that reversed refund; immunity under Section 270AA bars penalty on tax-with-interest paymentTax demand ₹6,00,000 (refund converted)₹1,08,000 (Section 234B over 18 months)Nil if Section 270AA Form 68 filed within 1 month₹7,08,000 (without 270AA route) or ₹6,000 saving on penalty
Refund denied for non-validated EVC chain; ITR-V hard copy mailed within 30 days; refund reinstatedRefundable ₹1,84,000₹5,520 (Section 244A) preservedNil₹1,89,520
Refund routed to cross-PAN distinct legal person (individual vs proprietorship firm) under Section 245; objection unlocks correct creditRefundable ₹2,40,000₹7,200 (Section 244A) preservedNil — distinct PAN protection upheld₹2,47,200
Refund of TDS on rescinded property sale of ₹84,000 under Section 194-IA; reverse application under Section 200A read with Rule 31A by buyer-deductorRefundable ₹84,000 to deductor₹2,520 (Section 244A from 120-day window)Nil₹86,520
Refund delayed by AY tagging error of advance-tax challan; OLTAS correction restores credit and reverses Section 234B interestRefundable ₹2,84,000₹8,520 (Section 244A) post correction; ₹1,18,000 of Section 234B interest reversedNil₹4,10,520 net benefit
Refund through Section 119(2)(b) for senior citizen for AY 2020-21 — TDS of ₹38,000 unclaimed; condonation granted; refund + interest receivedRefundable ₹38,000₹13,800 (Section 244A over ~48 months)Nil per Circular 9/2015 conditions₹51,800

How Ascendas IT Park businesses typically avoid these: Closer to Ascendas IT Park, the cluster of it services, ites, software businesses that defines Ascendas IT Park's commercial fabric, which is why for Ascendas IT Park units balancing production cycles with monthly GST and quarterly TDS compliance.

By Industry

Industry-specific patterns in Ascendas IT Park

How the local trade mix shapes this — Ascendas IT Park businesses operate where the cluster of it services, ites, software businesses that defines Ascendas IT Park's commercial fabric.

IT Services
Common issue: Software professionals at multinational technology employers receive year-end bonuses and ESOP perquisites that trigger excess TDS deduction under Section 192 because the employer applies the full slab-rate withholding without crediting the Section 80C and 80CCD(1B) investments the employee subsequently makes. The refund magnitude often exceeds two to three lakh rupees, and processing under Section 143(1) intimation routinely flags the disparity for additional reconciliation before Section 244A interest accrual commences.
How we handle it: Submit Form 12BB to the employer at the start of the financial year capturing the projected Chapter VI-A investments; obtain a year-end Form 16 capturing the final withholding; reconcile the Form 16 TDS aggregate against the Section 192 entries in Form 26AS; claim the refund through ITR-1 or ITR-2 with Schedule TDS-1 matched line-wise; monitor the Section 143(1) intimation for any prima facie adjustment under Section 143(1)(a) before the Section 244A interest computation finalises.
IT Services
Common issue: Independent software consultants invoicing overseas clients receive payments routed through intermediary platforms that issue Form 16A under Section 194-O at one percent on the gross e-commerce transaction value, alongside the customer's own Section 195 withholding where applicable. The consultant may be entitled to refund where the deemed deduction at one percent exceeds the presumptive tax under Section 44ADA at fifty percent, but the claim depends on accurate aggregation across multiple platform 26AS entries.
How we handle it: Track each platform's Section 194-O TDS by month and reconcile against the Form 26AS aggregate; where Section 44ADA presumptive is elected, compute the tax on fifty percent of gross receipts and compare against the platform-deducted aggregate; claim the refund in ITR-4 Schedule TDS-2 with platform-wise breakup; where Section 195 has been withheld in addition, obtain the certificate from the foreign payer and claim Section 90 credit under the Double Taxation Avoidance Agreement framework with Form 67 filed before the Section 139(1) due date.
IT Services
Common issue: Indian software companies receiving Section 195 deductions from non-resident customers on cross-border services treated as royalty or fees-for-technical-services under the relevant Double Taxation Avoidance Agreement face the Form 67 foreign-tax-credit claim process. The credit availability under Section 90 is conditional on the customer-issued withholding certificate, the deductee Tax Residency Certificate (where reverse, the customer TRC), and the Form 67 filing before the Section 139(1) due date.
How we handle it: Maintain a treaty-jurisdiction-wise master register of customers with their TRC validity dates and the applicable treaty article (typically Article 12 on royalties or Article 14 on independent personal services); obtain the customer-issued withholding certificate for each remittance with the customer's deductor identification; file Form 67 electronically on the e-filing portal capturing the foreign-tax-paid aggregate before the Section 139(1) due date; claim the foreign-tax credit in Schedule FSI and Schedule TR of ITR-6; pursue the consequential refund where the foreign-tax credit exceeds the Indian tax liability on the foreign-source income.
Retail
Common issue: Retail proprietorships operating through point-of-sale terminals receive Section 194-O deductions at one percent on e-commerce transactions facilitated through marketplace platforms. The deduction operates on gross transaction value before any platform-charge offset, while the trader's books recognise the net realisation after platform commission. The Schedule TDS reconciliation between gross 26AS aggregate and net book turnover produces a refund-eligibility position that depends on accurate gross-to-net bridging in Schedule BP.
How we handle it: Maintain a marketplace-wise reconciliation showing gross transaction value (matching Form 26AS Section 194-O entries) less platform commission less goods-and-services-tax components, arriving at the net realisation in books; report gross turnover in Schedule BP at the Section 44AD presumptive percentage or actual basis under ITR-3; claim the full Section 194-O credit in Schedule TDS-2 against the gross turnover; pursue the refund through standard Section 143(1) processing with the marketplace-wise reconciliation retained for substantiation.
Retail
Common issue: Retail traders qualifying as small assessees with turnover below one crore rupees often discover that the bank account nominated in the return for refund credit has become inoperative due to non-KYC-compliance or the bank's account-rationalisation drive. The refund order is issued by the Centralised Processing Centre at Bengaluru but the credit fails at the State Bank of India clearing layer, producing a refund-failure status that requires the taxpayer to initiate refund-reissue through the e-filing portal.
How we handle it: Validate the bank account nominated in the return through the e-filing portal under the My Bank Account utility before filing; ensure the account is pre-validated and EVC-enabled with the IFSC and account number verified against the most recent bank statement; where refund failure has occurred, log in to the e-filing portal, navigate to Services then Refund Reissue, select the assessment year and the failed refund, nominate a freshly validated bank account, and submit the request; track the reissue status through the My Refund Status utility.
Case Studies

Anonymised engagements we have handled

Real client situations (names changed); illustrative of the kind of work we do.

Section 241A withholdingIT Services

Section 241A withholding kept a ₹4.6 lakh refund frozen during scrutiny without any recorded reasons

Issue: A software architect with consulting income on the side filed his AY 2024-25 ITR-3 claiming a refund of ₹4.62 lakh, mostly arising from excess TDS under Section 194J. The Section 143(1) intimation processed the refund but immediately a Section 143(2) scrutiny notice was issued. CPC withheld the refund under Section 241A pending completion of scrutiny without communicating any reasons recorded in writing. Across our scrutiny-touched refund files we see this silent Section 241A hold on roughly seven out of every hundred matters; in nearly half, no recorded-reasons order is ever served on the assessee unless specifically demanded.
Approach: We filed a written representation before the jurisdictional AO under Section 241A within the second proviso framework, asking for a copy of the recorded reasons satisfying the 'grant of refund is likely to adversely affect the revenue' test. We cited the Madras HC line on speaking orders and the Calcutta HC principle from Tata Communications that Section 241A is not an automatic block — it requires a reasoned satisfaction. When the AO failed to produce reasons within fifteen days, we escalated to the Pr.CIT under Section 119 and simultaneously kept a draft writ petition under Article 226 ready for Madras HC filing.
Outcome: Pr.CIT directed release of fifty per cent of the refund within four weeks pending scrutiny completion; balance released after the assessment closed with nil addition six months later; Section 244A interest at 0.5% per month was claimed for the entire withholding period and recovered in full at ₹18,900; partner advised the client to keep TDS deduction tighter for the next year to avoid recurrence; AO note retained for any future Section 241A challenge.
Form 67 Rule 128 timingIT Services

Foreign tax credit refund unblocked after Form 67 was filed before the return — Rule 128 timing trap dodged

Issue: A senior consultant on a six-month deputation to Singapore had Singapore tax of SGD 8,600 deducted at source. The Indian return claimed Section 90 relief in Schedule TR generating a refund of ₹1.42 lakh. Rule 128(9) prior to the amendment required Form 67 to be filed on or before the return due date — failing which the FTC claim was disallowed at processing and refund denied. Across our outbound-deputation cases roughly one in five clients comes to us with Form 67 either missing entirely or filed after the return upload, triggering Section 139(9) defective notices or Section 143(1)(a) FTC disallowance.
Approach: We filed Form 67 first — uploading the Singapore IRAS tax payment certificate, the TIN, country code SGP and the income breakup by head — on 20th July, four days before the return upload. The return was filed on 24th July with Schedule TR carrying the exact figures from Form 67 line-for-line. The ARN of Form 67 was quoted in the return's foreign-tax-credit working. The post-amendment Rule 128(9) allows filing Form 67 by the end of the AY for delayed cases, but the safer-by-far practice is pre-return filing — which we follow as a non-negotiable in every Schedule TR engagement.
Outcome: Return processed under Section 143(1) within forty-five days; FTC of ₹1.42 lakh accepted in full; refund credited with Section 244A interest of ₹3,200 for the seventy-day delay; client added to a foreign-income annual track with Form 67 pre-filing as a calendared step; partner sign-off retained Form 67 ARN and Schedule TR working as part of the seven-year audit file.
Section 132B / 244A(1A)Trading

Section 244A interest on refund of seized cash

Issue: During a Section 132 search at a trader's premises, ₹18 lakh of cash was seized as unexplained money. The assessment under Section 153A was eventually completed at returned income; ₹14 lakh of the seized cash was retained against tax liability and ₹4 lakh was refundable. Section 244A(1)(b) interest was not computed in the refund order on the seized-cash retention period.
Approach: Filed Section 154 rectification on the point that Section 244A(1A) inserted by Finance Act 2017 specifically provides interest at half per cent per month on refund of seized-cash retention from the date of expiry of the 120-day Section 132B(4) window to the date of grant of refund. The omission to compute the interest was a mistake apparent from record. Annexed the search timeline, retention period and the refund order.
Outcome: Rectification accepted; Section 244A(1A) interest of ₹46,200 credited; the firm's search-engagement playbook captured the (1A) interest claim as a standard post-assessment step.
Section 87A rebateIndividual

Refund denied on belief that taxable income was below exemption

Issue: A salaried taxpayer with FY 2023-24 total income of ₹4.62 lakh (after Section 16 standard deduction) had not filed his ITR believing that the Section 87A rebate up to ₹5 lakh under the old regime covered him. TDS of ₹14,200 had been deducted under Section 192 by his employer on the gross salary before standard deduction was applied.
Approach: Filed a belated return under Section 139(4) before the 31 December 2024 deadline claiming refund of the deducted TDS. The Section 87A rebate of ₹12,500 covered the residual tax liability of ₹4,200 (after Section 16(ia) standard deduction), making the entire ₹14,200 refundable. Filed Section 234F late fee of ₹1,000 (reduced fee since income below ₹5 lakh) along with the return.
Outcome: Return processed under Section 143(1); refund of ₹13,200 (net of ₹1,000 Section 234F fee) plus Section 244A interest credited within 8 weeks; client briefed on annual return filing irrespective of perceived liability.

Why these Ascendas IT Park engagements look the way they do: Closer to Ascendas IT Park, the cluster of it services, ites, software businesses that defines Ascendas IT Park's commercial fabric, which is why for Ascendas IT Park units balancing production cycles with monthly GST and quarterly TDS compliance.

Client Reviews

What Ascendas IT Park Clients Say

Rajagopal V
Income Tax Refund
“My AY 2022-23 refund of ₹1.84 lakh was held under Section 245 against a wrongly computed demand of an earlier year. FilingPro filed the Section 245(2) reply within the 21-day window with the stay order from CIT(A). Refund credited within 6 weeks with full Section 244A interest. Surgical work.”
2 months agoVerified Client
Lakshmi N
Income Tax Refund
“TDS of ₹47,500 deducted by my tenant did not reflect in Form 26AS because they had quoted my PAN incorrectly. CPC denied the credit in the Section 143(1) intimation. FilingPro filed a Section 154 rectification with the deductor's TDS certificate. Refund recomputed and credited in 11 weeks.”
3 months agoVerified Client
Venkatesan K
Income Tax Refund
“My refund kept failing for three reissue attempts because my bank account had become PAN-de-linked after the Aadhaar-PAN deadline. FilingPro fixed the PAN operationality, pre-validated a fresh account, and raised the reissue request. Refund credited the very next cycle.”
6 weeks agoVerified Client
Shanthi M
Income Tax Refund
“For AY 2017-18 the return was missed. Refund of ₹62,000 was clearly due based on Form 16 TDS. FilingPro filed a Section 119(2)(b) condonation under Circular 9/2015 before the Pr.CIT explaining the bona fide hardship. Condonation was granted, return filed, refund received with interest. Outstanding work.”
4 months agoVerified Client
Kumaravel S
Income Tax Refund
“Refund of ₹2.3 lakh was withheld under Section 241A during scrutiny without recorded reasons being communicated. FilingPro filed a writ petition before the Madras HC. The department released the refund with Section 244A interest before the second hearing. Strong professional advocacy.”
2 months agoVerified Client
Priya R
Income Tax Refund
“My Section 143(1) intimation showed an addition under Section 143(1)(a)(vi) for an AIS entry that was actually duplicated. FilingPro responded to the 30-day intimation under the second proviso to Section 143(1)(a) with full reconciliation. The adjustment was dropped and the original refund of ₹1.12 lakh was issued.”
1 month agoVerified Client
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Common Questions

IT Refund FAQ — Ascendas IT Park

Common questions from Ascendas IT Park clients. Call 9566-068-468 for specific queries.

Section 244A grants 0.5% per month simple interest on refund of excess tax. Section 244A(1A), inserted by Finance Act 2016, provides additional interest at 3% per annum (0.25% per month) where refund flows from a CIT(A) / ITAT order and the AO does not give effect within the prescribed time. Section 234D conversely charges 0.5% per month on excess refund granted earlier and now found refundable to the department.
Section 139(1) sets the original due date (31 July for non-audit, 31 October for audit, 30 November for transfer-pricing). Section 139(4) belated returns can be filed up to 31 December of the assessment year. Section 139(5) revised returns also up to 31 December. Beyond this, a return cannot be filed except under Section 119(2)(b) condonation or Section 139(8A) updated return — but Section 139(8A)(c) bars updated returns claiming refund or reducing tax liability.
Yes, we regularly take over part-completed Income Tax Refund work. Share what has been done so far on WhatsApp 9566-068-468 and we will review it, point out anything that needs correcting, and continue from where you are.
Section 154(7) prescribes a four-year limit from the end of the financial year in which the order sought to be rectified was passed. A rectification application by the assessee must be disposed of within six months from the end of the month in which the application is received under Section 154(8). Only mistakes apparent from the record — arithmetical, factual or legal errors free from debate — fall within Section 154 scope.
Refund credit fails when (a) the bank account is not pre-validated or has expired, (b) PAN is not linked at the bank's CBS, (c) the IFSC code has changed post bank merger, (d) account name does not match PAN name, (e) the account has become dormant or KYC-deficient, or (f) the account is closed. The failure is intimated on the e-filing portal and the assessee must add a fresh pre-validated account and raise a refund-reissue request.
We keep payment simple for Ascendas IT Park clients — pay digitally by UPI or bank transfer against a proper invoice. The fee is agreed in writing before work starts, so you always know the amount in advance.
Section 244A read with Rule 119A grants simple interest at 0.5% per month or part of a month on the refund amount. For refunds arising from TDS / TCS / advance tax, interest runs from 1st April of the assessment year till the date of grant of refund, provided the return is filed within the Section 139(1) due date. For refunds out of self-assessment tax under Section 244A(1)(aa), interest runs from the date of payment of such tax (or date of return, whichever is later) till date of refund.
Yes. For Section 143(1) intimations issued by CPC, rectification under Section 154 is filed online on the e-filing portal — Services → Rectification. Three categories are available: tax credit mismatch (TDS / advance tax / SA tax), return data correction (recompute with revised return data) and reprocess the return (no new data). CPC processes the rectification and issues a fresh Section 154 order with revised refund / demand.
Turnaround depends on the service and how quickly you share documents. Once we have a complete set, IT Refund for Ascendas IT Park clients moves without avoidable delay, and we keep you posted at each stage. We give a realistic timeline upfront rather than an optimistic one.
From 1 April 2023 (CBDT Notification 7/2023), bank account linkage with PAN is mandatory. Where the pre-validated account becomes PAN-de-linked (e.g., PAN inoperative due to non-Aadhaar linkage under Section 139AA), refund credit fails at PFMS. The remedy is to operationalise PAN by linking Aadhaar (with prescribed fee under Notification 17/2022), pre-validate the account afresh, and raise a refund-reissue request.
e-Nivaran is the unified grievance redressal portal at incometax.gov.in for refund delay, rectification pendency, demand mismatch, intimation errors and TDS credit denial. The grievance is auto-routed to the jurisdictional CPC / AO with a unique number. Statutory escalation is to the CPCITGRC, then Ombudsman / CBDT. Resolution timelines under the Citizens Charter are 30 days for refund-related grievances.
Very likely yes — Ascendas IT Park has a private sez within tharamani profile where ites and allied activity creates exactly the compliance needs IT Refund addresses. We see these requirements here often and handle them efficiently. If it does not apply to you, we will say so.
Section 143(1)(a) permits CPC to make six prima facie adjustments — arithmetical error, incorrect claim apparent from the return, disallowance of loss claimed in a belated return, disallowance under Section 10AA / Chapter VI-A for late filing, addition of income in Form 26AS / 16 / 16A not included in the return, and disallowance of expenditure indicated in audit report but not in computation. A 30-day intimation under the second proviso must be given before the adjustment, and the assessee's response must be considered.
Section 244A(2) excludes from the interest period any delay attributable to the assessee — late filing of return, late response to notices under Sections 142(1) / 143(2), late submission of bank pre-validation, or late filing of rectification. The Assessing Officer's decision on attributable delay is referable to the Pr.CCIT / CCIT whose order is final.
Where a return is treated as invalid under Section 139(9) for non-removal of defects, advance tax and SA tax paid remain in the government account. Refund can be claimed only by curing the defect within the Section 139(9) 15-day window (extendable on application) or by filing a fresh return within Section 139(4) belated limitation. Beyond that, only Section 119(2)(b) condonation can revive the refund claim.
The standard verification sequence is — (a) download Form 26AS, AIS and TIS for the relevant AY, (b) reconcile TDS / TCS / advance tax / SA tax with the return claim, (c) check the Section 143(1) intimation column-by-column for credit denied, (d) identify the head of difference (tax credit / income / deduction / arithmetic), (e) determine whether it is a mistake apparent from record (Section 154) or requires fresh adjudication (Section 246A appeal), and (f) file the appropriate remedy within limitation.
IT Refund near Ascendas IT Park:

From 22nd Street, East Coast Road, Old Mahapalipuram Road, Rajiv Gandhi IT Expressway and Rajiv Gandhi Salai through to South Avenue, Taramani Link Road, Thiruvalluvar Road and Thiruvalluvar Salai, our team covers IT Refund for businesses right across Ascendas IT Park and its main commercial roads.

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Professional Income Tax Refund in Ascendas IT Park, Chennai. Call @ 9566-068-468. Offices at Maduravoyal, Nerkundram & Nolambur (upcoming). 15+ years experience, 4.9★ rated.

From ₹2,000/per-case
15+ years experience
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Maduravoyal · Nerkundram · Nolambur (upcoming)
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