https://www.taxtmi.com/acts?id=11873 An assessee is entitled to simple interest on refundable amounts for specified periods: for refunds from advance tax or tax collected at source the period generally begins the April following the financial year; for other refunds it begins on the date of payment; if the return is filed late the period starts from filing. Interest is excluded where the refund falls below a prescribed threshold, periods of taxpayer caused delay are excluded (with disputes decided by the Chief Commissioner or Commissioner), interest is adjusted for subsequent orders, and excess interest must be demanded by notice; interest on unpaid interest is also payable. en-us Fri, 17 Sep 2010 11:39:50 +0530 Fri, 17 Sep 2010 11:39:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11873 An assessee is entitled to simple interest on refundable amounts for specified periods: for refunds from advance tax or tax collected at source the period generally begins the April following the financial year; for other refunds it begins on the date of payment; if the return is filed late the period starts from filing. Interest is excluded where the refund falls below a prescribed threshold, periods of taxpayer caused delay are excluded (with disputes decided by the Chief Commissioner or Commissioner), interest is adjusted for subsequent orders, and excess interest must be demanded by notice; interest on unpaid interest is also payable. Act-Rules Bills Fri, 17 Sep 2010 11:39:50 +0530 https://www.taxtmi.com/acts?id=11873