244a of income tax act 1961

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decoit (Querist)
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22 December 2015 what is the rate of interest u/s 244A in A.Y. 2000-01 and in previous years such as 1999-98, 1998-97 and so on????????

Bhaskaran Chackrapani Warrier (Expert)
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23 December 2015 It was 1% ,for every month or part of a month ,for the years referred.

decoit (Querist)
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24 December 2015 was it from very start of the income tax act,1961?
or it differs in years?

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