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KPMG FLASH NEWS KPMG IN INDIA No interest on refund, on the amount of excess self assessment tax paid by the taxpayer 11 March 2015 Background Recently, the Delhi High Court (High Court) in the case
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What is no interest on refund?
No interest on refund means that the taxpayer is not entitled to any additional interest payment on the refund amount.
Who is required to file no interest on refund?
Taxpayers who have received a refund from the government and have not earned any interest on that refund are required to file no interest on refund.
How to fill out no interest on refund?
To fill out no interest on refund, taxpayers need to report the refund amount received and certify that no interest was earned on that refund.
What is the purpose of no interest on refund?
The purpose of no interest on refund is to ensure that taxpayers do not receive any additional interest payment on their refund amount.
What information must be reported on no interest on refund?
Taxpayers must report the refund amount received and confirm that no interest was earned on that refund.
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