Upper Limit for IT Refund by ECS?

POSTED BY Hitesh Shah ON July 17, 2012 7:46 pm COMMENTS (2)

Is it correct that the upper limit for refund by ECS of excess Income Tax is Rs. 25,000? If the amount being claimed is more then refund will be by cheque only?

2 replies on this article “Upper Limit for IT Refund by ECS?”

  1. Dear Hitesh, the answer is yes. The ECS refund order limit is 25000 Rs. only & any refund above this limit ‘ll be issued in bank cheque only by the refund banker (SBI).

    Thanks

    Ashal

    1. Asha says:

      Dear Ashal

      Can u pls tell where is it mentioned that above 25K refund wil be issued in bank cheque only.?
      Any circular by CBDT ?or is it the discretion by refund banker

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today