Interest On Excess Refund Granted To The Tax Payer [Section-234D]

1. Manner of computation of interest under the Income-tax Act 2. Basic provisions 3. Rate of interest 4. Period of levy of interest 5. Amount liable for interest 6. Adjustment under Section 234D(2) At times it may so happen that the taxpayer is granted excess refund. Section 234D provides for levy of interest on excess refund granted to the taxpayer. In this part you can gain knowledge about various provisions relating to interest on excess refund granted to the taxpayer.