New Provision
Section 433, IT Act 2025
Replaces (IT Act 1961)
239
Chapter
Chapter XIX — Refunds
Effective From
1 April 2026
Statutory Text — Section 433
ery claim for refund under this Chapter shall be made by furnishing return as per section 263. Refund for denying liability to deduct tax in certain cases. 434. (1) W
Shahi & Co. — Our Understanding
This section is part of Chapter XIX of the Income Tax Act, 2025, effective from 1 April 2026. It carries forward the corresponding provision from the Income Tax Act, 1961 with simplified language and restructured drafting.
Practical Note: For specific guidance on how this provision applies to your situation, consult a qualified Chartered Accountant. The Income Tax Act, 2025 retains the substance of the old law while making it more accessible.
Shahi & Co., Chartered Accountants
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Disclaimer: This is a reproduction of Section 433 of the Income Tax Act, 2025 (No. 30 of 2025) as published in the Official Gazette of India (CG-DL-E-22082025-265620) for informational and reference purposes only. Shahi & Co., Chartered Accountants makes no warranty as to completeness or accuracy. For the official authenticated text refer to
egazette.gov.in or
incometaxindia.gov.in. This does not constitute legal or tax advice.