TDS claim

This query is : Resolved 

04 August 2010 Dear Sir,

I fill my I-Tax return on 31/07/10 of Asst. Year 2010-11 & in I-Tax return i claim 10000/-Tds & 10000/- refund in my i-tax return than Department how calculate interest on 10000/- refund amt

04 August 2010 Interest will be calculated u/s 244A @0.50% per month starting from April if the return is filed on time.

In case of belated return, interest will be applicable only from the month subsequent to the month in which the return was actually filed.

05 August 2010 the assessee shall be paid interest @ 1/2% starting from the 1st April to the date refund is granted.

The delay attributable to the assessee shall be excluded if any.




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