interest u/s 234d

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wat is the rate of intt. on excess refund U/s234d ?
Replies (6)

Interest under section 234D is levied @  ½ % per month or part of the month.

in any case it is or it was 1percent?

Earlier it was 2/3%, but prevailing rate is 1/2% (w.r.t.01/06/2003)

Refer: interest-on-excess-refund

ok thank you.. for ur help
ok thank you.. for ur help

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