Interest is payable to assessee on refund under the Income-tax Act, 1961 at the rate of— (A) 5% per annum (B) 6% per annum (C) 9% per annum (D) 12% per annum.
CS Executive · Tax Laws and Practice · PYQS · June 2016
Interest is payable to assessee on refund under the Income-tax Act, 1961 at the rate of— (A) 5% per annum (B) 6% per annum (C) 9% per annum (D) 12% per annum.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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