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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Supreme Court: Refunds of Excess TDS u/s 195 Must Include Interest from Payment Date per Section 244A.</h1> The circular addresses the issue of interest payment on refunds of excess tax deducted at source (TDS) under Section 195 of the Income Tax Act, 1961. It clarifies that, following a Supreme Court ruling in the case of Tata Chemical Limited, refunds of excess TDS to tax deductors should include interest under Section 244A, starting from the date of tax payment. The circular advises tax officials not to file or pursue appeals against this principle, aligning with the court's decision that the government must reimburse excess tax with interest due to its retention without statutory right.
TaxTMI 
TaxTMI 
