Section 244A provides where the refund is out of any tax paid under section 140A, simple interest shall be calculated at the rate of ______ comprised in the period from the date of furnishing of return or payment of tax,
CS Executive · Tax Laws and Practice · PYQS · December 2020
Section 244A provides where the refund is out of any tax paid under section 140A, simple interest shall be calculated at the rate of ______ comprised in the period from the date of furnishing of return or payment of tax, whichever is later, to the date on which the refund is granted.
Answer & Explanation:
The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: All options are Incorrect. Correct Answer is .05 % for every month or part of the month.
Topics: Refunds
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