Interest on refund due to deductor at the rate of one-half per cent for every month or part of a month. Sub-section (1B) inserted in Section 244A
February 1, 2017
Budget 2017-18, Income Tax
Interest on refund due to deductor at the rate of one-half per cent for every month or part of a month. Sub-section (1B) inserted in Section 244A Budget 2017-18 Interest on refund due to deductor The existing section 244A of the Act provides that an assessee is entitled …