SfinaX

Reach out to SfinaX if you require assistance applying for your AIT/WHT refund.

In terms of Sections 150(24) of the Inland Revenue Act, No. 24 of 2017 and as amended by the Inland Revenue (Amendment) Act, No. 4 of 2023, 𝘀𝗲𝗻𝗶𝗼𝗿 𝗰𝗶𝘁𝗶𝘇𝗲𝗻𝘀, 𝗮𝗴𝗲 𝟲𝟬 𝗼𝗿 𝗮𝗯𝗼𝘃𝗲, 𝗮𝗿𝗲 𝗲𝗹𝗶𝗴𝗶𝗯𝗹𝗲 𝘁𝗼 𝗿𝗲𝗰𝗲𝗶𝘃𝗲 𝗿𝗲𝗳𝘂𝗻𝗱𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗔𝗱𝘃𝗮𝗻𝗰𝗲 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗮𝘅 (𝗔𝗜𝗧/𝗪𝗛𝗧) 𝗱𝗲𝗱𝘂𝗰𝘁𝗲𝗱 𝗼𝗻 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁.

𝗥𝗲𝗳𝘂𝗻𝗱 𝗰𝗹𝗮𝗶𝗺𝘀 𝗳𝗼𝗿 𝗮 𝗾𝘂𝗮𝗿𝘁𝗲𝗿 𝘀𝗵𝗼𝘂𝗹𝗱 𝗻𝗼𝘁 𝗯𝗲 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝗥𝘀. 𝟮𝟱,𝟬𝟬𝟬/- subject to the condition that the total of the refund claims for a year of assessment should not exceed Rs. 60,000/-

The Quarters are as follows.
1st Quarter: 1st April to 30th June
2nd Quarter: 1st July to 30th September
3rd Quarter: 1st October to 31st December
4th Quarter: 1st January to 31st March (Next Calendar Year)

𝗦𝗲𝗻𝗶𝗼𝗿 𝗖𝗶𝘁𝗶𝘇𝗲𝗻𝘀 𝘄𝗵𝗼 𝘀𝗲𝗲𝗸 𝗿𝗲𝗳𝘂𝗻𝗱𝘀 𝗮𝗿𝗲 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱 𝘁𝗼 𝗿𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗜𝗻𝗹𝗮𝗻𝗱 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗗𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 (𝗜𝗥𝗗) by obtaining a Taxpayer Identification Number (TIN) prior to claiming the refund.

The application for a refund of advance income tax deducted on interest for 2024/2025 should be filed quarterly, and the first quarter is due 𝗼𝗻 𝟯𝟭𝘀𝘁 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟰.

Circular No: SEC/2023/E/06 https://lnkd.in/gaDdBGh5
Registration Form: https://lnkd.in/gzeTXYqW
Application for Refund 2024/25: https://lnkd.in/gBznKhMY