Prescribed time for refund of excess contributions under section 75C of Act
16A. The prescribed time for the purposes of section 75C(2)(b)(i) and (4) of the Act, where the excess contributions arise from recomputation —
(a)
in accordance with regulation 6, is a period of one year beginning on the date of issue of the notice of computation in regulation 12 relating to the recomputation;
[S 898/2018 wef 01/01/2019]
(aa)
in accordance with regulation 7(6), is a period of one year starting on the date of issue of the notice of computation in regulation 7(4)(b) or the notice of contribution in regulation 7(5)(b) (as the case may be) relating to the recomputation;
[S 898/2018 wef 01/01/2019]
(b)
in accordance with regulation 15(2), is a period of one year beginning on the date the self‑employed person informs the Board of the amount of that person’s income for the purposes of regulation 15(2); or
(c)
in accordance with regulation 15(3), is a period of one year beginning on the date on which the notice in regulation 15(3)(a)(ii) relating to the recomputation is issued by the Board.