Income Tax Act 2025: Section 433 for Tax Year 2026-27

Form of claim for refund and limitation

[Section-433 as per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]

Every claim for refund under this Part shall be made by furnishing return as per section 263.

FAQs on Section 433 of Income Tax Act 2025

What is the prescribed form for claiming a refund under Section 433?
Every claim for refund under this Part must be made by furnishing a return as per section 263 of the Income Tax Act, 2025.

Is there a separate application form required for claiming a refund under Section 433?
No, the refund claim is to be made through the return filed under section 263. There is no separate application form required.

Can a refund be claimed without filing a return under Section 263?
No, filing a return under section 263 is mandatory for claiming a refund under Section 433.

Does Section 433 specify any time limit for making a refund claim?
Section 433 itself does not specify a separate time limit; the limitation is governed by the requirements of furnishing the return as per section 263.

What if the return under section 263 is filed after the due date—can a refund still be claimed under Section 433?
If the return is not filed within the time prescribed under section 263, the claim for refund may be treated as invalid. Timely compliance with section 263 is essential for a valid refund claim.

Does Section 433 allow for revised claims for refund?
Section 433 refers to the return under section 263 for making the claim. If the return can be revised under section 263, a revised claim for refund may be possible within the allowed time frame.

Is Section 433 applicable to all types of refunds under the Act?
Section 433 applies to claims for refund made under the relevant Part of the Act. The applicability to specific refund categories depends on whether they are governed by this Part and require filing under section 263.

What happens if an assessee fails to file the return under section 263 within the prescribed time?
Failure to file the return within the prescribed time under section 263 may lead to forfeiture of the right to claim a refund under Section 433.

Is electronic filing of the return under section 263 valid for refund claims under Section 433?
Yes, if section 263 permits electronic filing, such filing would be valid for the purpose of claiming a refund under Section 433.

Are there any exceptions provided under Section 433 for manual refund claims?
No, Section 433 mandates that the refund claim be made through the return furnished under section 263. No exceptions for manual filing are mentioned.