Excess income tax refund
This query is : Resolved
mansi goyal
(Querist)
07 December 2013
Hi. I Have a query:
If we have filled return and claim refund, refund was credited in bank A/C in january. Now i want to revise the return and refund decreases for that year. What rate of interest i have to pay and on which amount?
If we have filled return and claim refund, refund was credited in bank A/C in january. Now i want to revise the return and refund decreases for that year. What rate of interest i have to pay and on which amount?
CA PARAS BAFNA
(Expert)
07 December 2013
Section 234D applies.
.
Rate of Interest is 0.5% (Half percent).
.
Period: From the date of grant of refund to the date of regular assessment (on the bais of revised return).
.
Rate of Interest is 0.5% (Half percent).
.
Period: From the date of grant of refund to the date of regular assessment (on the bais of revised return).
mansi goyal
(Querist)
07 December 2013
thank you sir .
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