Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Interest for delayed tax payment by specified companies and mutual funds accrues from day after due date until payment. Where the person responsible for payment of income distributed by a specified company or a Mutual Fund fails to pay any tax due on distributed income ... Summary
Interest for delayed tax payment by specified companies and mutual funds accrues from day after due date until payment.
Where the person responsible for payment of income distributed by a specified company or a Mutual Fund fails to pay any tax due on distributed income within the time allowed, that person or entity is liable to pay simple interest on the unpaid tax for the period beginning the day after the last date for payment and ending on the date the tax is actually paid.
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