interest rate on refund
This query is : Resolved
18 March 2009
i would like to know what is the rate of interest on refund?
i read its between 5 to 13%
please inform about the exaCT rate n also the notification for it.
i read its between 5 to 13%
please inform about the exaCT rate n also the notification for it.
03 April 2009
It is 6% from 12.9.2003 [notification 67/2003)
Very few people claim the same as it takes years to get the principal itself !! However if more tax payers insist on payment of interest the time taken for the refund sanction would reduce.
Very few people claim the same as it takes years to get the principal itself !! However if more tax payers insist on payment of interest the time taken for the refund sanction would reduce.
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Grand in aid
- Gst on travel by air for business purposes
- ASMT-10 received from A O
- IT returns for fresh job holders
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Reporting in TDS return
- CLOSING STOCK QUERY
- F&O reporting in ITR
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
