Monthly Archives: April 2026

Section 433 Income Tax Act 2025 Form of claim for refund and limitation. 433. Every claim for refund under this Chapter shall be made by furnishing return as per section 263.

Section 432 Income Tax Act 2025 Person entitled to claim refund in certain special cases. 432. (1) Where the income of one person is included in total income of any other person under any provision of this Act, the latter alone shall be eligible for a refund under this Chapter in respect of such income. (2)… Read More »

Section 431 Income Tax Act 2025 CHAPTER XX REFUNDS Refunds. 431. 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… Read More »

Section 430 Income Tax Act 2025 Fee for default relating to intimation of Aadhaar number. 430. Without prejudice to the provisions of this Act, where a person is required to intimate his Aadhaar number under section 262(6) and such person fails to do so on or before such date as may be prescribed, he shall be liable to… Read More »

Section 370 Income Tax Act 2025 Execution for costs awarded by Supreme Court. 370. The High Court may, on petition made for the execution of the order of the Supreme Court in respect of any costs awarded thereby, transmit the order for execution to any court subordinate to the High Court.

Section 428 Income Tax Act 2025 Fee for default in furnishing return of income. 428. Without prejudice to the provisions of this Act, where, a person required to furnish a return of income under section 263 fails to do so within such time as may be prescribed in section 263(1), he shall pay, by way of a fee,— (a)… Read More »

Section 427 Income Tax Act 2025 F.-Levy of fee in certain cases Fee for default in furnishing statements. 427. (1) Without prejudice to the provisions of this Act, where a person fails to deliver or cause to be delivered a statement within the time prescribed in section 397(3)(b), he shall be liable to pay, by way of fee,… Read More »

Section 426 Income Tax Act 2025 Interest on excess refund. 426. (1) Subject to the other provisions of this Act, where any refund is granted to the assessee under section 270(1), and— (a) no refund is due on regular assessment; or (b) the amount refunded under section 270(1) exceeds the amount refundable on regular assessment, the assessee shall be… Read More »

Section 424 Income Tax Act 2025 Interest for defaults in payment of advance tax. 424. (1) Subject to the other provisions of this section, where, in any tax year, an assessee who is liable to pay advance tax under section 404,— (a) has failed to pay such tax; or (b) the advance tax paid by such assessee… Read More »