Minimum tax refund Amt.

Hi,

Is there any minimum amount for tax refund. I had submitted my tax return which has a tax refund of Rs 3/- only as computed.

Thought the ITR status showing as processed in the IT dept website but the refund amount was not credited to my bank.

Thanks and regards.

asked Dec 24 '12 at 11:55 by Gurukul 1872515


Minimum amount for refund is Rs 100. If amount is below this, no refund would be issued. Same is applicable to demand as well, in case net demand is less than Rs 100, there is no need to pay.

answered Dec 24 '12 at 23:14 by Pankaj Batra 5.2k320

link
Thanks buddy
(Dec 25 '12 at 13:10) Gurukul

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Asked: Dec 24 '12 at 11:55

Seen: 5,016 times

Last updated: Dec 25 '12 at 13:10