Guys, I have just received the refund order at last after pursuing through
RTI with the first appeal. (Power of
RTI really rocks !!)
While i am extremely glad to have received the refund order just by sending the
RTI letters to these lazy folks, i m now concerned of the puzzling interest that came along with the refund order which is mere Rs.1590 for the Amount Rs.11390 for the last 3.5yrs. I spoke to the ITO who justifies that the interest is calculated @ 8% but they have given it for 1-1.5yrs only "for some reasons" which i dont really understand.
My stand is that IT dept had in position of my money for several years where as if they just take the last refiled date into account it comes to 3.5yrs and they should have ideally paid the Interest to that period till date or atleast till March 2008. Even if 8% is considered, it should have been 8x3=24% which comes around 3k so i am paid 50% of that only.
Does anyone know about this ?
For your reference :
Asst year : 2001-02, Lost the original saral
Refiled on Jan2005
Refund Amt Rs. 11390
Matter handled through
RTI last few months and got the refund amount as Rs.12980(11390+Interest Rs.1590)
What do u guys say ?
Should i send a letter as a First Appeal asking for more clarification on the interest amount ?
thanks
Param