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Income Tax - Highlights / Catch Notes

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Interest u/s 244A on delayed refund - the interest on the ...


Section 244A: Interest on Delayed Refunds Becomes Principal; Includes Interest on Delayed Refunds.

September 16, 2020

Case Laws     Income Tax     HC

Interest u/s 244A on delayed refund - the interest on the delayed refund becomes part of the principle amount and the delayed interest includes the interest for not refunding the principle amount. Accordingly, it also includes the interest on the delayed refund. - HC

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