Interest rate

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 August 2014 what is interest rate on income tax refund.

21 August 2014 Refer section 244A.

Rate of Interest is 1/2% per month or part of a month from the first day of the AY (if refund is of advance tax) in all the other cases 1/2 % from the date of payment of such tax till the grant of refund.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 August 2014 Thanks Sir for nice reply.


21 August 2014 I m agree with Mr. Sanjay Gupta



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries