Hi
How Interest is computed on Income Tax Refund...
Renu (Article) (Accountant) (77 Points)
16 January 2011
Pankaj Arora
(Learner)
(3134 Points)
Replied 17 January 2011
If you paid tax excess of 10% on liability of tax than you are able for interest on refund u/s244A
Interest should be calculated after 3 months from the date of filing return. And interest on refund is 0.50%
kamal goyal
(artical)
(39 Points)
Replied 12 January 2012
how to calculate the interest on income tax refund in all case case please explain me
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
