Self-assessment credit inclusion: credit under section 115JD must be taken into account in tax and interest computation. The amendment adds reference to credit under section 115JD into specified clauses of section 140A so that that credit is taken into account for computing tax payable and the interest chargeable before furnishing the return of income. The changes apply prospectively from 1 April 2013 and to the assessment year commencing on that date and subsequent assessment years.
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Provisions expressly mentioned in the judgment/order text.
Self-assessment credit inclusion: credit under section 115JD must be taken into account in tax and interest computation.
The amendment adds reference to credit under section 115JD into specified clauses of section 140A so that that credit is taken into account for computing tax payable and the interest chargeable before furnishing the return of income. The changes apply prospectively from 1 April 2013 and to the assessment year commencing on that date and subsequent assessment years.
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