know interest amt included in refund

[rajul begani]

sir,

how can one know the interst amt included in refund? 26As only tells us abt the Refund Amt.

 

[DR.MARIAPPAN GOVINDARAJAN]

While sanctioning the refund the Department itself will calculate interest, if it is eligible and pay the same. Now the system is made is clear. While filing your return if any amount is refundable, refund is granted within 3 months from the filing of the return. The system will calculate interest, if any payable and pay the same along with interest.

AI Summary

Interest on tax refund: system calculates and pays eligible interest with the refund within three months of filing. Where a return shows a refundable amount, the tax administration calculates any eligible interest when sanctioning the refund and pays it together with the refund; under the system process refunds are processed within three months from filing, during which the system computes and disburses any payable interest along with the refundable amount.