Additional interest on delayed refund?

ITR 161 views 5 replies

SHIRISH S S

Proprietor

1080 Points Joined May 2017

Refund for AY 2017-18 was granted on 10th August 2018 WITH APPROPRIATE INTEREST THEN

Refund failed at CPC and asked for my compliance ( cancelled cheque and form to be filled).

I sent the details on 16th August 2018 by speed post . After that i realized that cancelled cheque with printed names are to be sent which i did. The second speed post reached them on 1st september (as per speed post tracker).

My question is whether I am entitled for addional interest on refund from 1st sept which is around Rs1260 (1 % on 63k plus for two months)???

Replies (5)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

209851 Points Joined July 2016

No.

SHIRISH S S

Proprietor

1080 Points Joined May 2017

Thank you for your reply. There is a CBDT cirular i found on net. Please tell me if it applies to me. I am up loading the same.

Refund failed at CPC bcoz two refunds are going to same account ( My wife and mine).

I have complied with their instructions. Incidentally the int rate of 0.5% for two months on 63k should be granted. Please guide as to whether i should stake claim additional int.