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>Section 34A: Wealth Tax Refunds Issued Without Claims; Interest Paid on Delays Beyond Six Months; Offsets Permitted</h1> Section 34A of the Wealth Tax Act, 1957, outlines the provisions for refunds due to an assessee following an appeal or other proceedings. The Assessing Officer must issue refunds without a claim from the assessee unless otherwise specified. Refunds are contingent upon the completion of fresh assessments or annulment of assessments. If a refund is delayed beyond six months, the Central Government must pay interest to the assessee. Refunds may be withheld if they adversely affect revenue, with interest payable once resolved. Interest adjustments apply for refunds related to payments made post-March 31, 1975. Refunds can be offset against outstanding tax liabilities.
TaxTMI 
TaxTMI 
