Income-tax Act, 1961
Section - 244A - Interest on refunds
Interest on refunds.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) | - | where the refund is out of any tax collected at source under section 206C or paid by way of advance tax or treated as paid under section 199, during the financial year immediately preceding the assessment year, such interest shall be calculated at the rate of one-half per cent for every month or part of a month comprised in the period,- |
| (i) | - | from the 1st day of April of the assessment year to the date on which the refund is granted, if the return of income has been furnished on or before the due date specified under sub-section (1) of section 139; or |
| (ii) | - | from the date of furnishing of .... To read the full section download the app from Google Play store
ARTICLESHIP
17 August 2026
Article AssistantK R Kiran Kumar & Associates Bengaluru CA Inter View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups ClearedGetmyca Consultant Pvt Ltd New Delhi CA Inter View Details
18 August 2026
Audit Assistant - Remote / Work From HomeCA ANOOP P K & ASSOCIATES Kozhikode CA Inter View Details
CCI
Pro
|
CAclubindia
