SEO Sai Gr. Hosp.
212434 Points
Posted on 07 July 2018
Under section 234D interest is levied if any refund is granted to the taxpayer under section 143(1) and
:a) no refund is due on regular assessment; or
b) the amount refunded under section 143(1) exceeds the amount refundable on regular assessment.
Interest under section 234D is levied @ ½ % per month or part of the month