WebJun 14, 2024 · Under clause (b) of section 244A (1) assessee was entitled to interest on refund payable on account of self-assessment tax paid being in excess of tax due, for the date of payment of self-assessment tax up to date of granting of refund by revenue authorities as per law applicable for assessment year 2010-11. WebJul 29, 2015 · S. 244A (1) (b) is a residual provision under which interest on refund of excess payment of self-assessment tax is payable to the assessee. Such interest is also payable …

EXTENDED DUE DATE SHOULD BE FOR ALL PURPOSES INCLUDING FOR INTERST U.S …

WebApr 20, 2024 · It is observed that while granting interest u.s.244A (1) (a) (i) due date has been considered as 30th September, 2024 therefore ROI is considered belated one and interest has not been allowed from 1st April,2024. Interest has been allowed as per S.244A (1) (a) (ii) from the date of furnishing of ROI to the date of granting of refund. WebJun 15, 2008 · The assessee is entitled to claim and get refund of excess taxes paid with interest thereon under section 244A . Thus the claim of interest and right to receive it is a statutory right of the assessee. high availability print server 2016 vmware

Section 244A of Income Tax Act - Marg ERP

WebSection 244A of IT Act 1961 provides for Interest on refunds. Recently, we have discussed in detail section 244 (Interest on refund where no claim is needed) of IT Act 1961. Today, we learn the provisions of section 244A of Income-tax Act 1961. WebApr 27, 2016 · Subject:- Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act, 1961- reg. The procedure for refund of tax deducted at source under section 195 of the Income tax Act, 1961, to the person deducting the tax is delineated in CBDT Circular No. 7/2007 dated 23.10 .2007. http://www.cavridhi.com/blog/cbdt-notifies-tax-return-form-form-itr-u-and-the-manner-to-furnish-updated-return/ high availability pair