https://www.taxtmi.com/acts?id=20476 The amendment revises interest computation and timing for tax refunds: for refunds from tax collected at source, advance tax or treated as paid, interest runs from April first when returns are timely filed or from the return filing date if late; interest on self assessment tax refunds runs from the later of payment or filing to the refund date. Interest is excluded below a specified refund threshold. Additional annual interest is payable where appellate or review orders give rise to refunds delayed beyond the prescribed procedural period. en-us Mon, 29 Feb 2016 17:03:27 +0530 Mon, 29 Feb 2016 17:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20476 The amendment revises interest computation and timing for tax refunds: for refunds from tax collected at source, advance tax or treated as paid, interest runs from April first when returns are timely filed or from the return filing date if late; interest on self assessment tax refunds runs from the later of payment or filing to the refund date. Interest is excluded below a specified refund threshold. Additional annual interest is payable where appellate or review orders give rise to refunds delayed beyond the prescribed procedural period. Act-Rules Bills Mon, 29 Feb 2016 17:03:27 +0530 https://www.taxtmi.com/acts?id=20476