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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2014 On my refund CPC has given interest .How they calculate interest,i mean from which date the calculate interest is calculated and what is the rate.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 September 2014 Refer Section 244A. Interest on Refund paid @ 0.5% per month from the 1st day of April of the assessment year to the date on which the refund is granted.
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