1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
Just a moment...
1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
<h1>Interest on delayed tax refunds after 60 days: up to 6% normally, up to 9% for final-order claims</h1> If a tax refund under the statutory refund provision is not paid within sixty days of receipt of the refund application, interest is payable for the delay beyond sixty days until payment, at a rate not exceeding six percent as notified and computed subject to prescribed manner and conditions. Where the refund claim arises from a final order of an adjudicating, appellate, tribunal or court, a higher interest rate up to nine percent may be notified and applies from the day after the sixty-day period until refund. Appellate or court orders correcting a prior officer's denial are treated as orders under the refund provision.