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ITR return - tax india -?

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  • ITR return - tax india -?


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Answer #1 | 30/12 2013 04:54
1) The difference of Rs.50 (2320-2270) is the interest on delayed refund. Please note that this is an income for you. So next year you have to show this Rs.50/- as interest income under Income From Other Sources. 2) "Not Determined" means they have not yet decided to refund the excess paid tax amount to you.
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Answer #2 | 30/12 2013 02:11
Hi, 1 The addition amount will be the Interest calculated @ 6%. 2. Not determined means that if there is refund in your return its not yet processed or return is not yet processed. For further query, write to us directly at: http://www.ngoandtaxconsultant.in/p/blog-page.html
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