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Excess of advance tax payament

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Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2012 IF ANY EXCESS OF ADVANCE TAX PAID AS PER SPECIFIED INSTALLMENTS LIMITS. IS THERE ANY INTEREST WILL CARRY FOR THE EXCESS AMOUNT? IF SO FROM WHICH DATE TO WHICH DATE. PLEASE GIVE REPLY.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

02 March 2012 On excess payment of tax interest will be paid by the department on the refundable amount from the date of filing of return to the date of approval of the refund. In case return filled with in due date prescribed under section 139(1) then interest will be paid from the 1st April of the such assessment year.
OM SAI SRI SAI JAI JAI SAI

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2012 THANK YOU FOR YOUR QUICK REPLY
OM SRI SAI RAM

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