Interest computation on defaulted advance tax now extends to the date of a subsequent regular assessment under amended provision. Amendment to Section 234B modifies sub-section (1) to extend interest where a regular assessment is made to the date of such regular assessment and alters ... Summary
Interest computation on defaulted advance tax now extends to the date of a subsequent regular assessment under amended provision.
Amendment to Section 234B modifies sub-section (1) to extend interest where a regular assessment is made to the date of such regular assessment and alters sub-section (3) to treat interest as ending on the date of a subsequent regular assessment; both substitutions are deemed effective from the first day of April, 1989.
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