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Interest u/s 244A on ITR refund u/s 154

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Vivek Kumar

Software Professional

29 Points Posted on 30 January 2021

For AY 2018-19, I wasn't allowed any IT refund due to Tax Credit Mismatch. The return was filed within due date only.

Now, with the deductor filing corresponding TDS return, IT Dept has approved my refund in rectified ITR u/s 154 on 28.01.2021.

However, ITD has given interest on refund for 1 month only, while interest should be payable for 34 months (01.04.2018 to 28.01.2021).

How to file for rectification of interest u/s 244A?

Thanks

Replies (2)

Quick Summary

This discussion concerns a taxpayer who received a rectified ITR refund but was only paid interest for one month, despite being eligible for 34 months. The taxpayer is seeking guidance on how to file for a rectification of the interest amount under section 244A of the Income Tax Act. They are unsure which option to select within the IT portal for reprocessing the interest calculation.