Interest on refund paid by the CPC is lower then eligible

Priyank (CA in Practice) (44 Points)

27 June 2011  

Dear Colleagues

I have received intimation from the CPC and on verification I found that interest is paid to me is lower than I am eligible. It is almost half then eligibility.

 

Also in case of my clients, in some cases, refund interest is received less.

 

Is there any rules that refund is to be calculated at half rate in case of late filing of ITR?

 

Whether I am given right interest? If not, then what can I do? What are the remedies available?

 

Reply soon

 

Thanks in advance