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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Interest u/s.244A - The shortfall, if any, of the refund amount ...

Income Tax

September 14, 2015

Interest u/s.244A - The shortfall, if any, of the refund amount with reference to the amount so computed, would have to be apportioned between the principal (tax) and interest amounts, so that interest u/s.244A shall arise on the un-refunded tax, while no interest u/s.244A is exigible under the Act on the unpaid interest there-under - AT

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