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?
Menu
Regarding Section 244A
Replies (2)
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
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
