Interest on Refund Amount of income tax

Others 922 views 1 replies

can any body tell me,

as  a practical step

 

Income Tax deptt done the assessment of assessment year08-09 in a.y 8-9,

but ITO not sign the cheques and not despactch the cheque

but in assessment  year 10-11 deptt send some cheques by hand and not despatch, Deptt not give any interest on refund amount upto Assessment  year10-11.

what we will do .

if any body give the answer send my mail id :- sanju_ca47 @ rediffmail.com

Replies (1)

Proviso to Sec. 244A(1)(a) states that if the refund due is less than 10% of the amount of tax determined u/s. 143(1), NO interest on refund would be payable to the assessee.

Check your refund based on the above yardstick.

If in your case the Refund is more than 10% of the amount of tax determined u/s. 143(1), then you should write to your assessing officer and claim your interest.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details