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The Income-tax Ordinance, 1984

( Ordinance NO. XXXVI OF 1984 )

[ 4th June, 1984 ]

Chapter XVIII

REFUNDS

Interest on delayed refund
151. Where a refund due to an assessee is not paid within two months of the date of the 1[* * *] 2[claim for refund or refund becoming due consequent upon any order passed in appeal or other proceeding under this Ordinance] interest at the rate of 3[seven and a half per cent] per annum shall be payable to the assessee on the amount of refund from the month following the said two months to the date of issue of the refund.
  • 1
    The words “relevant assessment order or” were omitted by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
  • 2
    The words “claim for refund or refund becoming due consequent upon any order passed in appeal or other proceeding under this Ordinance” were substituted for the words “claim for refund” by section 4 of অর্থ আইন, ১৯৯৬ (১৯৯৬ সনের ১৮ নং আইন)
  • 3
    The words “seven and a half per cent” were substituted for the words “ten per cent” by section 6 of অর্থ আইন, ১৯৯৫ (১৯৯৫ সনের ১২ নং আইন)
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