Section 234D of ITA, 1961 : Section 234D: Interest On Excess Refund
ITA, 1961
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
Imagine that Mr. Sharma filed his income tax return for the financial year 2020-21 and claimed a refund of ₹50,000 based on the tax deducted at source (TDS) and his estimated tax liability. The Income Tax Department processed his return quickly and issued a refund of ₹50,000 in July 2021.
However, during the regular assessment of his return,...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Our AI tools are cooking — and they are almost ready to serve! Stay hungry — your invite to the table is coming soon.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
