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Income Tax Interest For Revised Return

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Murali Nadarajah

214 Points Posted on 30 June 2021

One of my client wants to file return for A. Y. 21/22 but his revised return for A. Y. 20/21 is not processed yet to know how much interest from income tax department he will get. And his original return was processed in December and refund including interest which was determined not released till date.

What would be the solution for this scenario. And will appreciate your inputs in this regard.

Replies (2)

Quick Summary

This discussion addresses a client's situation where a revised return for AY 20/21 is pending, impacting the calculation of income tax interest. The client's original return for the same year was processed, but the refund, including interest, has not yet been released. Advice is sought on resolving this and clarifying that interest received in FY 21/22 is relevant for AY 22/23 income, not AY 21/22 filing.