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
Parrys Corner wholesale and commercial heart of old madras businesses · IT Refund specialists

Income Tax Refund Recovery in Parrys Corner, Chennai

IT Refund delivery for wholesale trade and banking firms across Parrys Corner — handled by a qualified, in-house team

Income Tax Refund for wholesale trade businesses in Parrys Corner near Parry's Corner Building with WhatsApp document intake and same-day filed-acknowledgement delivery. Call 9566-068-468.

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Quick Answer

How does one raise a refund-reissue request in Parrys Corner, Chennai?

On the e-filing portal at incometax.gov.in, log in and navigate to Services → Refund Reissue. Select the failed assessment year, choose a pre-validated and EVC-enabled bank account from the dropdown, verify with Aadhaar OTP / Net Banking / DSC, and submit. CPC re-initiates the refund through PFMS within 15-30 days. Multiple reissue attempts are permitted till credit succeeds.

Transparent Pricing

Income Tax Refund in Parrys Corner — 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 Parrys Corner Clients Choose FilingPro

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

WhatsApp-First Document Pickup

Share your Section 143(1) intimation, Form 26AS, AIS and bank pre-validation screen on WhatsApp at our number — we handle the rest. Parrys Corner clients work with us entirely remotely from review to refund credit.

Section 143(1) Intimation Reviewed Line-by-Line

Each Section 143(1) intimation for Parrys Corner clients is reviewed column-by-column — TDS, advance tax, SA tax, Section 89 relief, Section 90 / 91 FTC and Chapter VI-A deductions reconciled to the return claim before any rectification is filed.

Form 26AS / AIS / TIS Reconciliation

Form 26AS, AIS and TIS are reconciled deductor-by-deductor for Parrys Corner clients. PAN errors in deductor's TDS return are identified and pursued through Section 154 rectification with the original Form 16 / 16A as evidence.

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 Parrys Corner 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.

Key Benefits

What Parrys Corner Clients Get

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

Litigation-Ready Documentation
Section 143(1) intimation, Form 26AS, AIS, Section 154 application and order, Section 245 reply, refund sanction order and bank credit advice retained for 7 years — supporting any subsequent reassessment or audit query.
Refund Within Statutory Window
Refund processing tracked within the 9-month Section 143(1) intimation window. Where breached, Section 244A interest accrues automatically. Parrys Corner clients see refunds in bank account through pre-validated PFMS credit.
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.
Comparison

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

Why this matters here — Across Parrys Corner, the business activity radiating outward from Parry's Corner Building and nearby commercial pockets. Practitioners note that with quick access via Parry's Corner Bus Terminus and feeder routes connecting Parrys Corner to the rest of Chennai.

AspectStandard Section 244A RefundSection 245 Set-off Withheld Refund
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
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
Documents Required

Documents for Income Tax Refund

Share documents via WhatsApp to 9566-068-468. No office visit required for Parrys Corner 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 — Across Parrys Corner, the cluster of wholesale trade, banking, government businesses that defines Parrys Corner's commercial fabric.

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 Parrys Corner: For Parrys Corner engagements specifically — for Parrys Corner businesses balancing growth ambitions with tight statutory compliance.

Forms Library

Forms used in this engagement

Forms most asked about here — Across Parrys Corner, where wholesale trade businesses dominate the local compliance profile.

ITR-5Return of income for firms, LLPs, AOPs, BOIs and similar entities

Captures partnership and LLP income; refund commonly arises from advance-tax overpayment or TDS by clients exceeding the entity-level liability

31 October of the assessment year where audit applies under Section 44AB Centralised Processing Centre, Bengaluru, through the e-filing portal
ITR-6Return of income for companies other than those claiming exemption under Section 11

Captures domestic-company income; refund commonly arises from MAT credit set-off under Section 115JAA or advance-tax overpayment; Schedule TDS feeds the credit pool

31 October of the assessment year; 30 November where Section 92E transfer pricing report applies Centralised Processing Centre, Bengaluru, through the e-filing portal
ITR-7Return of income for charitable trusts, political parties and notified entities

Used by entities claiming exemption under Sections 11, 12, 13A, 13B, 10(23C) and similar; refund arises where TDS on interest income or rental income exceeds the entity-level tax after exemption

31 October of the assessment year; 30 November where Section 92E applies Centralised Processing Centre, Bengaluru, through the e-filing portal
Form 26BRefund of excess TDS deposited by the deductor

Filed by the deductor on TRACES to claim refund of tax deducted in excess of liability; supported by an indemnity bond and the CIT(TDS) sanction

After settlement of TRACES defaults; no statutory outer limit but Section 244A interest computation respects the filing date TDS Reconciliation Analysis and Correction Enabling System (TRACES)
Refund Reissue RequestRe-issue request for refund that failed to credit

Triggered on the e-filing portal after a refund credit failure; requires a pre-validated and EVC-enabled bank account selection from My Bank Account

No statutory deadline; refund remains parked till the request is raised Centralised Processing Centre, Bengaluru, through the e-filing portal
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

Income Tax Refund in Parrys Corner, Chennai 600001

Because PIN 600001 sits inside the Chennai North jurisdiction, the handling office for Parrys Corner stays consistent across years, which matters when filings or approvals span cycles. For Income Tax Refund at PIN 600001, understanding the Broadway Division's documentation norms removes most of the friction from the process. Records we prepare for Parrys Corner carry the geo-zone 600xx tag and coordinates 13.0922, 80.2870, which map each submission back to this locality. Approvals, acknowledgements and queries for Parrys Corner businesses tie back to the Broadway Division, so our IT Refund cadence accounts for how that office works.

The wholesale and commercial heart of old madras mix of Parrys Corner shapes what lands in our workpapers — a blend of import-export activity and the commercial pulse around Beach Railway Station. Each Income Tax Refund cycle for Parrys Corner reflects its commercial rhythm — invoices generated near Beach Railway Station, expenses routed through the Parry's Corner Bus Terminus freight network. Freight and foot traffic from the Parry's Corner Bus Terminus hub pull steady daily commerce through Parrys Corner, so there is rarely a quiet filing month in this wholesale and commercial heart of old madras pocket. Parrys Corner sustains a high flow of commerce for a wholesale and commercial heart of old madras locality, and that flow is the raw material for the IT Refund files we close here.

We have closed enough Income Tax Refund files for import-export firms near Parrys Corner to know where the department usually probes. The import-export character of Parrys Corner commerce influences everything from invoice formats to the supporting documents a Income Tax Refund review needs. The business mix in Parrys Corner centres on import-export, and that sector carries its own Income Tax Refund quirks we plan for in advance. Because Parrys Corner hosts a cluster of import-export businesses, we benchmark each new Income Tax Refund engagement against patterns we already track for the locality.

Document intake for Parrys Corner clients runs over WhatsApp, so there is no office visit and no paper shuffle for a Income Tax Refund engagement. Working papers for Parrys Corner Income Tax Refund engagements stay archived and retrievable, which makes any later notice or query straightforward to answer. The Parrys Corner 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 Parrys Corner is reconciled, reviewed by a qualified practitioner, and archived for seven years.

From the same Parrys Corner team we also serve Broadway and other nearby localities without re-onboarding clients. We treat Parrys Corner and Broadway as one catchment for Income Tax Refund, which keeps documentation and turnaround consistent. Coverage from Parrys Corner naturally extends to Broadway, so group entities across the area share one Income Tax Refund workflow. Group companies spread across Parrys Corner and Broadway consolidate their IT Refund under one engagement with us.

Common patterns in the Broadway Division give Parrys Corner businesses an early-warning map we use to pre-empt IT Refund issues. Because we work repeatedly across Parrys Corner, we can benchmark a new client's Income Tax Refund position against the locality norm. The longer we serve Parrys Corner, the more precisely we predict where a IT Refund file needs attention. Recurring gaps in Parrys Corner banking records are the first thing our Income Tax Refund review closes out.

Incorporating in Parrys Corner comes with jurisdiction, registration and IT Refund steps that we sequence so nothing stalls the launch. New banking ventures in Parrys Corner lean on us to stand up Income Tax Refund correctly before the first deadline rather than after a notice. A startup setting up near Parry's Corner Building in Parrys Corner gets a IT Refund foundation built for the Broadway Division from day one. Relocating a registered office into Parrys Corner (PIN 600001) changes the assessing division, and we handle that Income Tax Refund transition cleanly.

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Expert Guide

Income Tax Refund in Parrys Corner — Complete Guide

At FilingPro we treat Income Tax Refund Recovery for Parrys Corner (600001) clients as a documentation-driven exercise. We pre-validate the bank account for KYC, IFSC and PAN-linkage; reconcile every TDS deduction against the deductor's TDS return through Form 26AS; cross-check AIS / TIS entries against books; and chase Section 244A interest where CPC Bengaluru breaches Citizens Charter timelines.

Income Tax Refund Recovery in Parrys Corner, Chennai

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

Income Tax Refund Consultant in Parrys Corner — Section 154 & Section 244A Expert

A dedicated refund consultant in Parrys Corner 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 Parrys Corner

Section 245(2) prior intimations are replied within the 21-day window in Parrys Corner, 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 Parrys Corner

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 Parrys Corner. WhatsApp documents — we begin within 24 hours. From ₹2,000/per-case. Free consultation.
WhatsApp for Free Consultation Call @ 9566-068-468
From ₹2,000/per-case
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Offices at Maduravoyal, Nerkundram & Nolambur (upcoming)
Key Facts — Income Tax Refund in Parrys Corner
Section 143(1) intimation reviewed line-by-line — TDS, advance tax and SA tax credits reconciled to Form 26AS for Parrys Corner 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 Parrys Corner
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.
Why did CPC reduce my refund amount?

Common reductions arise from TDS credit mismatch with Form 26AS, AIS prima-facie adjustment under Section 143(1)(a), denial of Section 80 deductions without uploaded proof, FTC denial for missing Form 67, or arithmetic correction by CPC.

How do I correct a TDS credit mismatch with Form 26AS?

Identify the deductor, request them to file a correction return (24Q/26Q); once Form 26AS refreshes, file Section 154 rectification before the AO citing Section 199 read with Rule 37BA — credit cannot be denied for administrative deductor lapse.

What is the time limit for filing Section 154 rectification?

Section 154(7) prescribes a four-year limitation from end of FY in which the order sought to be amended was passed; the limitation is calculated strictly and bars stale rectifications even where the underlying error is apparent.

Can I get interest on a delayed refund?

Yes — Section 244A(1)(a) interest at half per cent per month is automatic on TDS and advance-tax refunds; Section 244A(1)(aa) covers self-assessment tax; the interest is computed from 1 April of AY or date of payment to date of grant.

How do I pre-validate my bank account for refund credit?

Log in to incometax.gov.in, navigate to 'Profile then My Bank Account', click 'Add Bank Account', enter IFSC and account number, complete instant EVC validation through the bank's portal; the validation must succeed before refund release.

What happens if my refund credit fails to my bank account?

The portal flags 'Refund failure'; pre-validate a new account, submit a refund re-issue request via 'Services then Refund Re-issue'; Section 244A interest continues to run during the failed-credit period since it is not assessee-attributable.

What Parrys Corner clients want to know before signing: For Parrys Corner engagements specifically — on the Broadway-Sowcarpet corridor that passes through Parrys Corner; where wholesale trade businesses dominate the local compliance profile.

Expert Guide

A complete walkthrough — Income Tax Refund

Localised for Parrys Corner, Chennai — where wholesale trade businesses dominate the local compliance profile.

Reading this guide locally — Across Parrys Corner, in the wholesale and commercial heart of old madras micro-market of Parrys Corner.

What is an income tax refund and the statutory basis

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.

Refund eligibility scenarios

Refund situations arise across multiple structural scenarios. Excess TDS withholding under Section 192 on salary occurs where the employer applies slab-rate deduction without crediting subsequent Chapter VI-A investments by the employee. Excess advance tax under Section 211 occurs where the cumulative instalments at the four prescribed dates exceed the actual self-assessment tax under Section 140A. Excess TDS under Sections 194 to 196D occurs where the payer applies the section-specific rate on gross receipts while the deductee's actual tax liability on net profits is lower. Excess self-assessment tax under Section 140A occurs where the taxpayer over-estimates the liability at the return-filing stage. Section 244A interest is payable on refunds in each of these scenarios, with the interest period commencing from the first day of April of the assessment year for prepaid taxes, and from the date of payment for self-assessment over-payments.

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.

Refund failed and credit failure recovery

Refund encashment via paper cheque

Where the electronic bank-credit fails persistently across multiple reissue attempts, the CPC architecture provides for paper-cheque issuance through the State Bank of India treasury branches as a fallback mechanism. The taxpayer requests the paper-cheque option through the e-nivaran grievance redressal mechanism, citing the persistent electronic-credit failure with the failure-code history attached. The CPC processes the paper-cheque request typically within forty-five to sixty days, with the cheque being issued in the taxpayer's name and despatched to the registered address. The paper-cheque option is increasingly residual in the post-2019 architecture, with the pre-validation utility addressing the bulk of the historical electronic-credit failure causes.

Failure classification and root causes

Refund failures are classified by the State Bank of India clearing layer into specific failure codes that are displayed on the e-filing portal under the My Refund Status utility. Code 70 indicates account-number error, Code 71 indicates IFSC error, Code 72 indicates name-mismatch between PAN and account, Code 73 indicates account-closed, Code 74 indicates KYC-pending-revalidation, and Code 75 indicates account-frozen due to regulatory orders. Each code corresponds to a specific root cause that determines the corrective action. The classification was streamlined through the CBDT-SBI operational agreement of 2019 that introduced the structured-failure-code architecture, enabling self-service refund-reissue without manual intervention in most cases.

Bank account pre-validation utility

The bank account pre-validation utility on the e-filing portal under Profile then My Bank Account is the principal mitigation for refund-failure risk. The utility verifies the account number, IFSC code, name-on-account and account-status with the bank API before the return is even filed. Pre-validated accounts are flagged with a green-tick status, and only pre-validated accounts can be nominated for refund credit in the return. The utility supports multiple bank accounts, with the taxpayer able to nominate the primary refund account and backup accounts. The Electronic Verification Code (EVC) generation for return e-verification also requires a pre-validated bank account, integrating the validation step into the broader e-filing workflow.

Section 154 rectification for refund mistakes

Rectification application procedure

The Section 154 rectification application operates through the e-filing portal under Services then Rectification. The taxpayer selects the assessment year, the order being rectified (typically the Section 143(1) intimation), the rectification reason from the predefined dropdown (taxpayer correction, TDS mismatch, return data correction or any other reason), and uploads the supporting documentation. The application is routed to the Centralised Processing Centre at Bengaluru where the rectification is processed under the Section 154 framework. Where the rectification is granted, the consequential refund intimation is issued through the e-filing portal worklist, with the refund disbursement following the standard reissue mechanics. The taxpayer's response window to any Section 154-related communication is thirty days from the intimation date.

Remedies post-rectification denial

Where the Section 154 rectification application is denied by the CPC or the Assessing Officer, the taxpayer has multiple subsequent remedies. First, a second Section 154 rectification application addressing the specific grounds of denial, provided the four-year outer limit has not expired. Second, an appeal under Section 246A to the Commissioner of Income-tax (Appeals) against the Section 154 order within thirty days of the order. Third, a writ petition before the High Court under Article 226 where the rectification denial reflects mechanical reasoning or an absence of consideration of the apparent-mistake criterion. The layered remedies provide the structural safeguard against arbitrary denial, with the appellate route being the principal channel for substantive merit-based reconsideration.

Section 154 scope and limitations

Section 154 of the Income-tax Act 1961 provides the rectification framework for mistakes apparent from the record in any order passed by the income-tax authorities. The scope is structurally limited to mistakes that are apparent on the face of the record, excluding errors of law that require fresh determination through appellate jurisdiction. The mistake may be of fact or of law (provided it is apparent without long-drawn argument), and may be initiated either by the taxpayer through a rectification application or by the Assessing Officer on his own motion. The four-year outer limit under Section 154(7) from the end of the financial year of the order being rectified provides the temporal boundary, with the application required to be disposed of within six months from the end of the month in which it is filed under Section 154(8).

Section 119(2)(b) condonation for late claim

Monetary-jurisdiction tiers

The CBDT Circular 9/2015 (as updated) prescribes the monetary-jurisdiction tiers for condonation applications. Applications involving refund claims up to ten lakh rupees are disposed of by the Principal Commissioner of Income-tax with territorial jurisdiction over the applicant's PAN. Applications between ten lakh and fifty lakh rupees are disposed of by the Chief Commissioner of Income-tax. Applications above fifty lakh rupees are disposed of by the Central Board of Direct Taxes itself. The tiered framework ensures appropriate decision-making authority commensurate with the financial stake, while maintaining accessibility for smaller-quantum applications at the field-formation level. The disposal timeline prescribed in the circular is six months from the application filing, though operational pendency may extend this in practice.

Documentation and substantiation

The Section 119(2)(b) condonation application requires comprehensive documentation establishing the genuine hardship that prevented the timely claim. Typical substantiation includes medical records where illness prevented timely action, evidence of incorrect professional advice where the taxpayer was misled, evidence of natural calamity or other force majeure events, and evidence of late receipt of foreign-source-income certificates or Form 16 from a defunct employer. The CBDT Circular 9/2015 paragraph 5 emphasises that the test is genuine hardship, not mere inconvenience or oversight, with the substantiation requirement calibrated accordingly. The application is filed before the jurisdictional authority based on the monetary tier, with the supporting documentation organised in a coherent narrative that addresses the genuine-hardship test directly.

Post-condonation processing pathway

Where the Section 119(2)(b) condonation is granted, the taxpayer becomes entitled to file the belated return under Section 139(4) or the consequential refund application notwithstanding the expiry of the standard window. The return processing follows the standard Section 143(1) framework, with the consequential refund being computed in the normal manner. The Section 244A interest computation in such condonation cases is the subject of departmental and judicial elaboration, with the principle emerging that the interest runs from the standard commencement date (first April of the assessment year for prepaid taxes) notwithstanding the condonation-induced delay in the return filing itself. The taxpayer therefore secures both the principal refund and the consequential interest, restoring the economic position despite the procedural-window expiry.

What Parrys Corner clients usually ask next: For Parrys Corner engagements specifically — where wholesale trade businesses dominate the local compliance profile; for Parrys Corner businesses balancing growth ambitions with tight statutory compliance.

Glossary

Plain-English glossary for this service

Terms you will hear in this area — Across Parrys Corner, where wholesale trade businesses dominate the local compliance profile.

Outstanding demand

Outstanding demand is the amount payable by the assessee under any provision of the Income-tax Act 1961, as reflected on the Outstanding Demand register maintained on the e-filing portal. The demand may be raised on processing, scrutiny, penalty, interest or appellate giving-effect; it is the eligible counterpart for Section 245 set-off against a determined refund.

Stay of demand

Stay of demand is the order under Section 220(6), or by CIT(A), ITAT or a higher court, restraining the recovery proceedings against an outstanding demand. The stay protects the demand from being adjusted under Section 245 against a determined refund, provided the stay order is uploaded with the response.

Faceless assessment

Faceless assessment under Section 144B is the e-Proceedings framework where the Assessing Unit, Verification Unit, Technical Unit and Review Unit operate through the National Faceless Assessment Centre. Refund determinations arising from faceless scrutiny are subject to the same Section 244A interest rules and Section 245 set-off framework as regular assessments.

Section 143(1)(a) adjustments

Section 143(1)(a) adjustments are the prima-facie corrections made by CPC during summary processing — arithmetical errors, incorrect claims apparent from the return, denial of loss claim in belated return, denial of expenditure shown in audit report but not in computation, and inclusion of AIS or Form 26AS income not reported. These adjustments reduce refund quantum.

Form 26B

Form 26B is the TRACES form filed by a deductor to claim refund of TDS deposited in excess of liability. The application requires an indemnity bond, must be supported by the CIT(TDS) sanction where the amount exceeds prescribed thresholds, and is processed after settlement of any outstanding deductor defaults on TRACES.

TDS credit

TDS credit is the credit for tax deducted at source available to the deductee under Section 199, read with Rule 37BA. The credit is claimable in the assessment year in which the income subjected to deduction is assessable. Mismatches between Form 26AS and the return drive summary disallowance and refund shrinkage.

Advance tax

Advance tax is the tax payable in instalments during the financial year by an assessee whose tax liability after TDS exceeds ₹10,000, under Sections 207 to 211. Overpayment of advance tax against the assessed liability gives rise to a refund eligible for Section 244A(1)(a) interest from 1 April of the assessment year.

Self-assessment tax

Self-assessment tax is the balance tax paid by the assessee under Section 140A while furnishing the return, after taking credit for TDS, TCS and advance tax. Where the eventual assessment reduces the liability, the self-assessment payment becomes refundable; Section 244A(1)(aa) governs the interest from the date of payment or furnishing of return, whichever is later.

Tax Collected at Source (TCS)

Tax Collected at Source is the tax collected by a seller from the buyer under Section 206C on specified transactions — sale of scrap, motor vehicles above ₹10 lakh, foreign-remittance under LRS and similar. TCS credit is claimable by the buyer in the return; excess TCS over the buyer's liability is refundable under the Section 237 framework.

Schedule TDS-1

Schedule TDS-1 is the schedule within the income-tax return where deductor-wise breakdown of salary TDS is reported. Entries here are matched against Part A of Form 26AS during summary processing. Mismatches in deductor TAN, name or amount trigger Section 143(1)(a)(iii) adjustments and consequent refund reduction.

Schedule TDS-2

Schedule TDS-2 is the schedule within the return for non-salary TDS — interest income, rental income, professional fees, contractor payments and similar. Entries here are matched against Part A1 of Form 26AS. Deductor-side errors in Schedule TDS-2 are the single largest source of refund-related rectification volume.

EVC

Electronic Verification Code is the ten-digit alphanumeric code generated through Aadhaar OTP, net-banking, demat account or pre-validated bank account, used to verify the return of income or other e-filing portal submissions under Section 140 read with the Rule 12 framework. Bank-account-generated EVC is the operative method for refund pre-validation.

Cost of Non-Compliance

Real-world penalty exposure

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

ScenarioBase taxInterestPenaltyTotal
Legal-heir refund claim of ₹84,000 on deceased assessee; registration on portal under Section 159; refund credited to heir's pre-validated accountRefundable ₹84,000₹2,520 (Section 244A) from 1 April of AYNil₹86,520
Section 244A(1A) interest on seized cash retention beyond 120-day Section 132B window; rectification restores the interestRefundable ₹4,00,000 (seized cash residue)₹46,200 (Section 244A(1A) over 23 months)Nil₹4,46,200
Section 89 relief of ₹84,000 denied in Section 143(1) due to Form 10E timing; rectification restores relief and refundRefundable ₹84,000₹3,360 (Section 244A) post rectificationNil₹87,360
Section 154 limitation expiring; refund of ₹2.84 lakh recovered through last-minute rectification within 4-year windowRefundable ₹2,84,000₹85,200 (Section 244A over 60 months)Nil₹3,69,200
ITAT order under Section 254 favourable; refund of ₹14.32 lakh + 244A interest released after writ for mandamusRefundable ₹14,32,000₹3,84,000 (Section 244A over ~5 years from original payment)Nil — appellate giving-effect compliance restored₹18,16,000
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

How Parrys Corner businesses typically avoid these: For Parrys Corner engagements specifically — the business activity radiating outward from Parry's Corner Building and nearby commercial pockets; for Parrys Corner businesses balancing growth ambitions with tight statutory compliance.

By Industry

Industry-specific patterns in Parrys Corner

How the local trade mix shapes this — Across Parrys Corner, where wholesale trade businesses dominate the local compliance profile. Practitioners note that the business activity radiating outward from Parry's Corner Building and nearby commercial pockets.

Government
Common issue: Central and State Government pensioners receiving pension under Section 17 face Section 192 TDS deductions by the pension-disbursing bank, which applies the basic exemption and senior-citizen thresholds but routinely omits the Section 80C, Section 80D and Section 80TTB deductions because the bank lacks the investment-and-medical-expenditure information. The resulting over-withholding produces a recurring annual refund position for senior pensioners with substantial Section 80C-and-related investments.
How we handle it: File Form 15H with the pension-disbursing bank where the estimated total income after deductions falls below the taxable threshold; submit Form 12BB equivalents capturing the senior-citizen exemption, Section 80C investments, Section 80D health-insurance and Section 80TTB savings-bank-interest deductions in April of each financial year; obtain a year-end Form 16 from the bank reflecting the credited deductions; where over-withholding has nevertheless occurred, claim the refund through ITR-1 or ITR-2 with the deductions in Schedule VIA; pursue the consequential refund and the Section 244A interest.
Jewellery
Common issue: Jewellery business proprietorships face Section 206C(1F) tax collection at source at one percent on motor vehicle sales above ten lakh rupees and Section 206C(1H) at 0.1 percent on goods sales above fifty lakh rupees per buyer per year. When the proprietorship is the buyer in such transactions, the TCS reflects in Form 26AS under TCS-section codes and represents creditable tax. Many proprietors omit the TCS credit because the entry appears under a different schedule heading than the TDS credit.
How we handle it: Configure the accounting system to capture TCS deductions at the supplier-invoice booking stage; reconcile the TCS entries in Form 26AS against the supplier-issued Form 27D quarterly certificate; claim the TCS credit in Schedule TCS of ITR-3 or ITR-5 against the relevant assessment year; where the TCS appears in 26AS but not in Form 27D, raise the deductor-side correction request; pursue the consequential refund through Section 143(1) processing with the TCS-section-wise reconciliation retained.
Textile
Common issue: Textile exporters operating under the Foreign Trade Policy framework receive Section 195 deductions on foreign-currency receipts where the customer's country of residence requires withholding under domestic law (typically the United States Internal Revenue Code Sections 1441 to 1442). The corresponding foreign-tax credit under Section 90 requires Form 67 filing before the Section 139(1) due date, with the credit claim conditional on the Tax Residency Certificate of the deductor or a self-declaration where the treaty so permits.
How we handle it: Obtain the foreign-customer-issued withholding certificate (Form 1042-S in the United States case, or equivalent in other jurisdictions) for each remittance; 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-3 or ITR-5; reconcile the Form 67 entries against the Schedule FSI disclosures; pursue the consequential refund where the foreign-tax credit exceeds the Indian tax liability on the foreign-source income, subject to the treaty-specific credit-availability constraints.
Pharmaceuticals
Common issue: Pharmaceutical distributors face Section 194Q deductions at 0.1 percent by their large-pharma-company buyers on the cumulative purchase value exceeding fifty lakh rupees per year. The distributor's margins on regulated formulation distribution are tightly controlled by the National Pharmaceutical Pricing Authority ceiling prices, with the result that the Section 194Q withholding regularly exceeds the actual tax liability on the trading margin, producing a recurring annual refund position.
How we handle it: Project the annual Section 194Q withholding at the start of each financial year based on the prior-year purchase volumes; calibrate the advance tax instalments under Section 211 to avoid double-payment over the projected refund; reconcile Form 26AS section code 94Q entries against each buyer's monthly purchase aggregate; claim the credit in Schedule TDS-2 of ITR-3 with buyer-PAN-wise breakup; pursue the refund through Section 143(1) processing and the consequential Section 244A interest from the first day of April of the assessment year.
Engineering
Common issue: Engineering consultancies operating as limited liability partnerships face Section 194J deductions at ten percent on professional-fees receipts from infrastructure clients, while the LLP's actual tax liability on the net profit after partner remuneration under Section 40(b) and depreciation under Section 32 is typically lower than the gross-receipts-based withholding. The refund magnitude (often exceeding ten lakh rupees annually) attracts Section 241A withholding pending Section 143(2) selection within the three-month assessment window.
How we handle it: File the LLP's return promptly within the Section 139(1) window after audit completion to accelerate Section 143(1) processing; respond to any Section 241A withholding intimation within the thirty-day period with the detailed working showing the basis of the refund claim; where Section 143(2) selection occurs, cooperate fully through the faceless assessment framework; on completion of the assessment, pursue the refund and the Section 244A interest from the first day of April of the assessment year; appeal under Section 246A where the assessment-order quantum differs from the Section 143(1) intimation refund.
Case Studies

Anonymised engagements we have handled

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

A flavour of cases we handle nearby — Across Parrys Corner, where wholesale trade businesses dominate the local compliance profile.

Section 195A gross-upImport-Export

Refund where Form 26AS reflected gross-up payment

Issue: An importer had made a remittance to a foreign supplier on a net-of-tax basis where the importer bore the TDS as a gross-up under Section 195A. The grossed-up TDS appeared in Form 26AS under the importer's PAN; the deduction was claimed as a business expense and the TDS as credit against the importer's own liability — leading to a refund claim where the overall tax position was favourable.
Approach: Filed ITR-6 with the grossed-up TDS reflected in Schedule TDS and the expense in Schedule P&L. Explained the Section 195A treatment in a covering note. Refund quantum hinged on the AO's acceptance that grossed-up TDS borne by the resident deductor is the deductor's own tax payment for refund purposes. Cited ITAT rulings consistently treating grossed-up TDS as the deductor's tax payment and refundable subject to Section 199 mapping.
Outcome: Refund of ₹3.84 lakh granted in intimation under Section 143(1); Section 244A interest paid; client briefed on the treatment for ongoing remittances; the firm's transfer-pricing-and-withholding SOP captured the position for re-use.
Section 245 surprise set-offSalaried Professional

Section 245 surprise set-off ate the refund against an AY 2017-18 demand nobody remembered

Issue: A bank branch manager expected a refund of ₹68,300 on his AY 2025-26 ITR-1. CPC duly intimated the refund under Section 143(1) on 9th August. Twelve days later a Section 245 prior intimation landed in his e-filing inbox proposing to adjust the entire refund against a Section 143(1)(a) demand of ₹71,420 outstanding from AY 2017-18. He had switched employers in 2018, never received the old intimation at his old address, and the demand had been sitting in the portal for seven years. Across our refund-eligible salary files roughly one in twenty-eight carries some legacy demand that surfaces only when there is a current-year refund to bite.
Approach: Day one we opened 'Response to Outstanding Demand' on the portal and downloaded the AY 2017-18 intimation copy. The disputed addition was a TDS-mismatch where two of the four Form 16 quarterly summaries had been keyed in by CPC with the deductor's TAN truncated by one digit, leading to a phantom TDS shortfall of ₹64,900 plus interest. We filed a Section 154 rectification request the same day attaching the original Form 16 plus the bank's TRACES TDS certificates, and submitted the Section 245 reply within the thirty-day window marking 'Demand is incorrect' and quoting the rectification ARN as supporting reference. Partner review went out by day three.
Outcome: Rectification accepted in fourteen weeks; legacy demand fully extinguished; the Section 245 set-off was reversed and the original ₹68,300 refund credited to the validated bank account with Section 244A interest of ₹4,890 for the seventeen-month delay; client now checks 'Outstanding Demand' tab every June as part of our pre-filing intake checklist; partner sign-off retained the rectification order for the seven-year file.
Section 244A interestIT Services

Section 244A interest restored on delayed CPC processing

Issue: A salaried software architect filed her ITR-2 on 24 July 2023 disclosing a refund of ₹3,42,000 arising from excess TDS deducted by her employer on stock-grant vesting. The Section 143(1) intimation was issued only on 18 February 2025 — over 19 months later — and the refund was released without any Section 244A(1)(a) interest for the period 1 April 2023 to 18 February 2025.
Approach: We filed a rectification application under Section 154 on the e-filing portal contending that Section 244A(1)(a) interest at half per cent per month is automatic where the refund arises from TDS, and the second proviso to Section 143(1) which caps processing at 9 months from end of FY of furnishing return had been wilfully breached. The Madras HC line in writ matters has consistently been that 244A interest is not contingent on claim and that departmental delay cannot extinguish the statutory entitlement of the assessee.
Outcome: Rectification accepted on first review; additional Section 244A interest of ₹39,830 credited within 28 days; precedent re-used in the firm's SOP file for three other AY 2023-24 delayed-processing refund cases.
Section 245 provisoManufacturing

Section 245 set-off quashed for missing proviso intimation

Issue: A precision-engineering proprietor was due a refund of ₹4,84,000 for AY 2024-25 on processing under Section 143(1). The intimation reflected the refund as 'adjusted against outstanding demand' for AY 2018-19 of ₹4,12,000 under Section 245. No prior intimation under the proviso to Section 245(1) giving the 30-day response window had been served — the set-off appeared directly in the order.
Approach: We filed a writ petition under Article 226 before the Madras HC challenging the adjustment on the singular ground that the proviso to Section 245(1) read with CBDT Instruction 7/2014 mandates a prior written intimation and a 30-day window before any set-off is effected. The petition annexed the demand portal screenshot showing the demand had been crystallised without service of the proviso notice. Relied on Madras HC and Calcutta HC rulings consistently treating the proviso notice as a jurisdictional precondition.
Outcome: Madras HC quashed the Section 245 adjustment; AO directed to release the gross refund of ₹4,84,000 plus 244A interest within 8 weeks; AY 2018-19 demand kept alive for separate recovery proceedings; client's working capital relieved.

Why these Parrys Corner engagements look the way they do: For Parrys Corner engagements specifically — the business activity radiating outward from Parry's Corner Building and nearby commercial pockets; for Parrys Corner businesses balancing growth ambitions with tight statutory compliance.

Client Reviews

What Parrys Corner 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 — Parrys Corner

Common questions from Parrys Corner clients. Call 9566-068-468 for specific queries.

On the e-filing portal at incometax.gov.in, log in and navigate to Services → Refund Reissue. Select the failed assessment year, choose a pre-validated and EVC-enabled bank account from the dropdown, verify with Aadhaar OTP / Net Banking / DSC, and submit. CPC re-initiates the refund through PFMS within 15-30 days. Multiple reissue attempts are permitted till credit succeeds.
Post Finance Act 2021, the Section 143(1) intimation must be issued within nine months from the end of the financial year in which the return was furnished. Earlier the limit was one year. Where no intimation is issued within this window, the return as filed is deemed to be the intimation, and any refund claimed is deemed accepted, subject to subsequent scrutiny under Section 143(2).
Yes — we work comfortably in both Tamil and English, which makes explaining Income Tax Refund to Parrys Corner clients straightforward. Ask your questions in whichever language you prefer, by call or WhatsApp on 9566-068-468.
Section 154 covers a mistake apparent from the record — TDS credit not granted despite reflection in Form 26AS, advance tax / SA tax credit missed, arithmetic error in computation, wrong PAN-AY mapping, double addition of the same income, or omission of a clearly admissible deduction claimed in the return. Issues requiring debate, fresh evidence or interpretation of law are outside Section 154 (T.S. Balaram, ITO v. Volkart Brothers (1971) 82 ITR 50 SC).
Yes. Where refund flows from a CIT(A) / ITAT / High Court order, Section 244A(1) interest at 0.5% per month is granted from the date of payment of the tax (or 1 April of the AY for prepaid taxes) till the date of refund. Section 244A(1A) grants additional 3% per annum where the AO delays giving effect to the appellate order beyond the prescribed time. The Supreme Court in Sandvik Asia (2006) and CIT v. HEG Ltd (2010) 324 ITR 331 settled the entitlement.
We review IT Refund work carefully before submission to avoid errors in the first place. If a genuine issue ever arises on something we filed for a Parrys Corner client, we help set it right — standing behind our work is part of the service.
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.
Yes. Under Section 90 / 91 read with Rule 128, foreign tax credit is allowed against Indian tax liability. Form 67 must be filed on or before the end of the assessment year (Notification 100/2022 amended Rule 128(9) to extend the timeline). Where Form 67 is filed and FTC is admitted, any excess of FTC plus prepaid taxes over Indian tax liability is refundable through normal Section 143(1) processing.
Yes. Along with Parrys Corner, we serve Sowcarpet and the wider Chennai North belt for Income Tax Refund. Wherever you are in this part of Chennai, the process and our 9566-068-468 line stay the same.
Yes. Interest received under Section 244A is taxable as "Income from Other Sources" under Section 56 in the year of receipt. It must be reported in the ITR of the year in which the refund is granted. The Supreme Court in CIT v. Sandvik Asia Ltd (2006) 280 ITR 643 settled that statutory interest follows the principal refund and is includible under Section 56.
Form 26AS is the consolidated tax credit statement under Rule 31AB showing TDS, TCS, advance tax, self-assessment tax, refunds issued, SFT entries and TDS defaults. Refund computation under Section 143(1) draws TDS credit from 26AS. Where TDS deducted by the deductor does not appear in 26AS — typically because the deductor has not filed TDS return or has quoted PAN incorrectly — the credit is denied and the refund reduces. Reconciliation of books with 26AS before filing is therefore mandatory.
The exact list depends on your case, but we send a short, plain-English checklist the moment you engage us — no jargon. Parrys Corner clients can share documents as phone photos or scans over WhatsApp on 9566-068-468, and we flag immediately if anything is missing.
Refunds since March 2019 are issued only to pre-validated bank accounts linked to PAN through the e-filing portal. Pre-validation requires the bank account to be in the assessee's name, KYC compliant and PAN-linked at the bank. Without pre-validation the refund is failed at the PFMS / RBI gateway and a refund-failure intimation is generated requiring the assessee to revalidate and submit a refund-reissue request.
Yes. Under Section 119(2)(b) read with CBDT Circular 9/2015 dated 9 June 2015 (and revised Circular 11/2024 raising monetary limits), the assessee may file a condonation application before the prescribed authority — Pr.CCIT (claim above ₹50 lakh), CCIT (₹10 lakh to ₹50 lakh) or Pr.CIT (up to ₹10 lakh) — for delays up to six years from the end of the assessment year. The application must show genuine hardship and a bona fide claim. Once condoned, the return can be filed and refund claimed.
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.
No. CBDT Notification on bank pre-validation read with the EVC framework requires that the refund-receiving account be in the sole or first-holder name of the assessee, PAN-linked and KYC-active. Joint accounts where the assessee is the first holder are accepted. Third-party accounts are not permitted; refund credit will fail at PFMS validation.
IT Refund near Parrys Corner:

Across Parrys Corner we look after firms on North Fort Road, RBI Subway, Rajaji Salai, Broadway Road and Esplanade as well as the Evening Bazaar Road, Netaji Subhash Chandra Bose Road, Rattan Bazaar Road and Audiappa Naicken Street corridors — local IT Refund without the cross-city travel.

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

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