https://www.taxtmi.com/acts?id=48881 Interest is payable in addition to refunds, calculated as simple interest for specified circumstances with distinct commencement rules depending on the source of tax or refund trigger. Additional interest at a separate rate applies where refunds result from giving effect to specified orders without fresh assessment, excluding periods attributable to the assessee or where reassessment proceedings are pending. The provision caps interest entitlement below a specified refund threshold, grants similar interest rights to deductors, and provides for adjustment and demand notices where interest is later increased or reduced. en-us Fri, 14 Feb 2025 14:06:01 +0530 Thu, 20 Feb 2025 15:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48881 Interest is payable in addition to refunds, calculated as simple interest for specified circumstances with distinct commencement rules depending on the source of tax or refund trigger. Additional interest at a separate rate applies where refunds result from giving effect to specified orders without fresh assessment, excluding periods attributable to the assessee or where reassessment proceedings are pending. The provision caps interest entitlement below a specified refund threshold, grants similar interest rights to deductors, and provides for adjustment and demand notices where interest is later increased or reduced. Act-Rules Bills Fri, 14 Feb 2025 14:06:01 +0530 https://www.taxtmi.com/acts?id=48881