Interest on delayed refund [ay 2007-08]

The IT deptt provides your interest of 1/2% per month i.e. 6% annually for delays

[1] They have given Rs 80 as int on Rs 1090 refund. 

[2] Int rate is 6% per annum. from 1/04/2007 for 2007-08 AY

[3] By back calculation with data-> whatif Analysis ->  the date works out to 20/06/2008

[4] Hence assesment was completed on date 20/06/2008.

[5] They have sent to you letter dated 29/05/2009 to give ur bank account details [11 months late]

[6]  You must have got the letter by  31st May or 1st  june if in same city

[7]  You must have gone to that office in 2 days time say  3rd june 2009 

[8] according to you 8 days means you must have got refund by  11 june 2009

[9]  you say refund did not come by 11 june 2009.    [or later]

[10] You must have gone to that off in first week of Aug 2015  let us say  05/08/2015 

[11] According to you it was found that refund was stuck up in range migration [God knows what it means]

[12] Theoritical calculation suggest you should get int on Rs1090  for  days =date(2015,8,5) - date(2007,4,1)     i.e 3049 days  [type in xl sheet]

[13]  int on 3049 days  is  3049/365* 1090 * 6/100  which is 546.31   rounding off to nearest rs 5  is  Rs 545. 

[14] most probably they will give rs 80 only. Quietly take it and forget about it.

Shiroor

Structural Consultant for design of bridges

Thanks for your detective type Answer. But i trusted  the Department to give refund  within 8/10 days.  Range Migration means from range 7 to range 13. Now again my ward has chnaged from 13(4) to 4(2). I hope again it does not get stuck up in range migration.