Section 431 — Refunds
Old Act equivalent: Section 237 of IT Act 1961 Sub-part: Chapter XX—Refunds
Statutory Text
- If 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 tax year exceeds the amount with which he is properly chargeable under this Act for that year, he shall be entitled to a refund of the excess. Person entitled to claim refund in certain special cases.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Any person who has paid tax in excess of the amount due.
- Conditions: Person satisfies AO that tax paid exceeds amount properly chargeable; refund of excess granted.
- Time limits: As determined on assessment or otherwise.
- Monetary limits: Amount of excess tax paid.
- Exceptions: None.
Cross-References
None identified.
Amendment Notes
None noted from the extracted pages.