Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

India: Guidelines for applications to excuse delay in claiming refunds

Guidelines for taxpayers belatedly seeking refunds and carry-forward of loss

Share
October 9, 2024

The Central Board of Direct Taxes (CBDT) issued a circular providing guidelines for applications to excuse delay in filing income tax returns claiming refunds and carry-forward of loss.

  • The application needs to be filed with the prescribed income tax authority, depending upon the amount of the claim.
  • The application can be filed within six years from the end of the relevant financial year.
  • The application may be disposed-off within six months, if possible.
  • A belated application for claim of additional refund after completion of the assessment can be admitted subject to the fulfilment of the additional conditions.
  • The tax authorities may make inquire to determine the merits of the claim and condonation may be granted when the delay is on account of a reasonable cause.

Read an October 2024 report prepared by the KPMG member firm in India

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline