TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax Refund Interest Rules: Section 244A Clarifies Calculation Methods and Conditions for Taxpayers' Monetary Adjustments</h1> The statutory amendment introduces Section 244A to the Income-tax Act, 1961, establishing rules for interest on tax refunds. It prescribes interest calculation methods at 1.5% per month for refunds from advance tax or subsequent assessments, with specific conditions. The provision allows interest adjustments based on assessment outcomes, excludes delays attributable to the assessee, and applies from the assessment year beginning April 1, 1989. The amendment aims to provide clear guidelines for refund interest calculations and administrative procedures.
TaxTMI 
TaxTMI 
