07 December 2013
Hi. I Have a query: If we have filled return and claim refund, refund was credited in bank A/C in january. Now i want to revise the return and refund decreases for that year. What rate of interest i have to pay and on which amount?
07 December 2013
Section 234D applies. . Rate of Interest is 0.5% (Half percent). . Period: From the date of grant of refund to the date of regular assessment (on the bais of revised return).
CAclubindia
