1. What does the word date of furnishing of return of return of income means i.e. whether it is the date of itr filed, itr e verify, or itr processed?
2. Whether last day of the month will be considered as part of month for the purpose of section 244A?
3. What if the return of income is filed on 30th September, it is e-verified on 30th November and processed on 10th December, then for how many months an assessee will be eligible to claim interest on refund?
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Regarding Section 244A
Replies (2)
Quick Summary
1. Date of furnishing means the date when return of income was filed on the income tax portal.
2. Yes, last day of the month will also be considered as part of the month.
3. Interest will be provided from date of furnishing of the return till actual grant of refund at 0.5% per month.
2. Yes, last day of the month will also be considered as part of the month.
3. Interest will be provided from date of furnishing of the return till actual grant of refund at 0.5% per month.
Thank you sir
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