Interest calculation on income tax refund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 November 2011
i had filed my it returns for ay 10-11 on 28.7.10 with refund due to me of Rs 22216/-
I have received refund of Rs 24440/- on 9.11.11 implying that i have been paid a interest of 2224/-. The refund was primarily on account of tds from interest income.
Please guide as to how this interest is calculated and whether i have received the correct amount
I have received refund of Rs 24440/- on 9.11.11 implying that i have been paid a interest of 2224/-. The refund was primarily on account of tds from interest income.
Please guide as to how this interest is calculated and whether i have received the correct amount
13 November 2011
Interest on refund is granted @ 1/2% per month. It has been calculated from 1.4.2010
to the date of refund granted.
.
You have been correctly paid.
.
Interest for 20 months @ 0.5% on Rs 22200/ has to be calculated.
.
to the date of refund granted.
.
You have been correctly paid.
.
Interest for 20 months @ 0.5% on Rs 22200/ has to be calculated.
.
Message likes :
1 times
18 November 2011
Agree with the expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
Trending Online Classes
CAclubindia
