Section 239 of ITA, 1961 : Section 239: Form Of Claim For Refund And Limitation

Explanation using Example

Imagine that Mr. Sharma, a software engineer, paid more tax than he was supposed to due to an error in calculating his taxable income for the assessment year 2021-2022. Upon realizing the mistake, Mr. Sharma decides to file a claim for a refund of the excess tax paid.

According to Section 239 of the Income-tax Act, 1961, Mr. Sharma must fill out the prescribed form for claiming a refund and verify it as required. Additionally, he needs to ensure that he submits his claim within one year from the last day of the assessment year 2021-2022, as per clause (c) of the act.

Therefore, to successfully receive his tax refund, Mr. Sharma must file his claim by March 31, 2023, which is one year from the end of the assessment year 2021-2022 that ended on March 31, 2022.