Excess income tax refund
This query is : Resolved
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?
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).
07 December 2013
thank you sir .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Gift Received from nonblood relative
- Management System (IMS)
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
