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Interest on excess refund is not payable if the amount of...

This question belongs to Commerce Income Tax And Corporate Tax
Income Tax and Corporate Tax
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Interest on excess refund is not payable if the amount of refund is :

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Correct Answer: Option A
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1 Comment
Balaji Waghmare
Balaji Waghmare 3 months ago
interest is payable is the refund amount exceeds for than 10 % of total tax liability/assessed tax below 10% no interest is payable only principal will be refunded ,Hence question is not valid
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