WebSection 244A (1) of Income Tax Act. Where refund of any amount becomes due to the assessee under this Act, he shall, subject to the provisions of this section, be entitled to receive, in addition to the said amount, simple interest thereon calculated in the following manner, namely:—. (a) where the refund is out of any tax collected at source ... WebJun 14, 2024 · Under clause (b) of section 244A (1) assessee was entitled to interest on refund payable on account of self-assessment tax paid being in excess of tax due, for the date of payment of self-assessment tax up to date of granting of refund by revenue authorities as per law applicable for assessment year 2010-11.
Section 244A: All about Interest on Income-tax Refund
WebApr 27, 2016 · Circular No. 7/2007 states that no interest under section 244A of the Act, is admissible on refunds to be granted in accordance with the circular or on the refunds already granted in accordance with Circular No. 769 or Circular 790 dated 20.4.2000. 2. The issue of eligibility for interest on refund of excess TDS to a tax deductor has been a ... WebSection - 244A. Interest on refunds. Fourteenth Schedule. LIST OF ARTICLES OR THINGS OR OPERATIONS. Section - 153. Time limit for completion of assessment, reassessment and … pho and crawfish
244A Interest – itatonline.org
WebApr 25, 2024 · Ans: If your income tax refund payment is delayed from the IT Department’s end, then as per Section 244A of the Income Tax Act, you are eligible to receive interest at … WebAug 14, 2024 · 244A. (1) Where refund of any amount becomes due to the assessee under this Act, he shall, subject to the provisions of this section, be entitled to receive, in addition to the said amount, simple interest thereon calculated in the following manner namely :- (a) xxx xxx xxx (aa) xxx xxx xxx WebTotal Interest Payable : Total Payment (Principal + Interest) : TaxAdda Private Limited CIN - U93000RJ2024PTC067547 GSTIN - 08AAHCT6764E1Z1 PAN - AAHCT6764E . SOFTWARE FOR CA. Practice Management Software. Return Status Checker. Login Tool. ABOUT. About Us. Blog. Looking for CA Articleship ... pho and crab