Menu
Rate of interest on refund
at what percentage of interest we will get a refund
Replies (8)
From where...???
From income tax department
I think it's 1.5% per month
On income tax refund you may get 6% per annum.
That means 0.5% per month .
Refer Section 244A of income tax act
That means 0.5% per month .
Refer Section 244A of income tax act
0.5% per month simple interest
But from which month refund will be given ?
If ITR filed in July , earlier department used to give interest from April to till the date of processing ITR at 0.5% per minth
If ITR filed in July , earlier department used to give interest from April to till the date of processing ITR at 0.5% per minth
The queries must mention in detail what are the issues involved is it for refund or late payment.
0.5% per month. can contact us at 9024 Nintyone 5488. Thanks
Recent Threads
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
Related Threads
CAclubindia
