Section 244a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 March 2016
Dear Experts.
Plz clarify my following query related to interest on refun..1) would 0.5% interest be given if we have filled the return for AY 2014-15 on 20/3/2016...2) if refund is less than 10% of tax payable in this case will interest be given or not..
Regard
Arun Kumar
Plz clarify my following query related to interest on refun..1) would 0.5% interest be given if we have filled the return for AY 2014-15 on 20/3/2016...2) if refund is less than 10% of tax payable in this case will interest be given or not..
Regard
Arun Kumar
25 March 2016
1. Yes.
2. < 10%, no interest per proviso to 244A(1)(a).
2. < 10%, no interest per proviso to 244A(1)(a).
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