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| 18/8/2005 |
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Income
Tax Worksheets With Formulas/Calculations
ITA(Software) ITA Sevice |
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Income
Tax Worksheets With Formulas/Calculations
ITA(Software) ITA Sevice |
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| Delayed
Refund.-- |
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| Where a refund due under section 10
is not made within the time specified
in section 10 from the date of filing
of return, there shall be paid to the
claimant in addition to the amount of
refund due to him, a further sum equal
to six per cent per annum of the amount
of refund due, from the date following
the expiry of the time specified in
section 10 from the date] to the day
preceding the day of payment of refund:
Provided that
where there is reason to believe that
a person has claimed the refund which
is not admissible to him, the provision
regarding the payment of such additional
amount shall not apply till the investigation
of the claim is completed and the
claim is either accepted or rejected.
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