(ii) from the date of furnishing of return of income to the date on which the refund is granted, in a case not covered under (i); (aa) where the refund is out of any tax paid under section 140A, such interest shall be calculated at the rate of one-half per cent for every month or part of a month comprised in the period, from the date of furnishing of return of income or payment of tax, whichever is later, to the date on which
(ii) from the date of furnishing of return of income to the date on which the refund is granted, in a case not covered under (i); (aa) where the refund is out of any tax paid under section 140A, such interest shall be calculated at the rate of one-half per cent for every month or part of a month comprised in the period, from the date of furnishing of return of income or payment of tax, whichever is later, to the date on which
CHAPTER-III-DIRECT-TAXES.docx