Where the amount of income tax deductible from the income of a nonresident Indian or the amount of advance tax or any other tax paid by him or treated as paid by him or on his behalf for any assessment year exceeds the amount by which he is properly chargeable under the Income Tax Act for that year, he would be entitled to a refund of the excess income tax. Every claim for refund has to be made in the prescribed Form No. 30 obtainable from any Income tax Officer. The return of income must accompany such form. Such a claim for refund must be made within one year from the last day of the assessment year in which the income in respect of which the claim is made was assessable. Interest 1/2% p.m. from 1 April of the assessment year till the date the refund is granted |
