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Income Tax - Highlights / Catch Notes

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Interest on refund u/s. 244A - Short grant of interest u/s. 244A ...

Income Tax

August 31, 2022

Interest on refund u/s. 244A - Short grant of interest u/s. 244A - Interest on interest as available to assessee under newly inserted sub-clause (1A) will have to be analysed in accordance with law. - The year under consideration is Assessment Year 2020-21 and therefore interest on interest has to be computed for the shortfall amount that assessee is liable to receive. - AT

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