Interest payment requirement mandates interest be paid before furnishing quarterly statements under the Income-tax Act. The amendment directs that such interest shall be paid before furnishing the quarterly statement for each quarter in accordance with the provisions of ... Summary
Interest payment requirement mandates interest be paid before furnishing quarterly statements under the Income-tax Act.
The amendment directs that such interest shall be paid before furnishing the quarterly statement for each quarter in accordance with the provisions of sub-section (3) of section 200, making payment of interest a precondition to filing the quarterly withholding statement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.