Tax alert: Taxpayer entitled to interest on refund of excess DDT paid has been saved
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Tax alert: Taxpayer entitled to interest on refund of excess DDT paid
5 August 2024
The Mumbai Bench of the Income-tax Appellate Tribunal has held that taxpayer is entitled to interest on Dividend Distribution Tax (DDT) refund, under section 244A of the Income-tax Act, 1961 (ITA), from the date of payment of excess DDT.
