KRISHNA KUMAR R C
(CHARTERED ACCOUNTANT)
(313 Points)
Replied 17 December 2009
Interest u/s 244A is at .05% per month or part of the month from the 1st day april of the assessment year till the date of refund, if the refund is due to TDS and Advance Tax. In the above case, it is clear that interest has not been given correctly so, file a letter to the AO seeking the rectification of order.
CMA RV Padmakumar.A
(Practicing CMA and Registered Valuer (S&FA) )
(1440 Points)
Replied 21 June 2011
It is 0.5% p.m not 0.05%...
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