From the following information compute the amount of interest payable by the income tax department u/s 244A : Tax paid by way of advance tax and tax deducted at source up to 31.03.2021 ₹13,000 Tax due as per assessment u

CS Executive · Tax Laws and Practice · PYQS · June 2021
From the following information compute the amount of interest payable by the income tax department u/s 244A : Tax paid by way of advance tax and tax deducted at source up to 31.03.2021 ₹13,000 Tax due as per assessment u/s 143(1) ₹12,000 Date of refund granted 15.12.2021
(A) ₹45
(B) ₹40
(C) ₹90
(D) No interest is payable

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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