Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure 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-B - REQUIREMENT 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 accrues on securitisation trust distributions until outstanding tax is paid. Where the person responsible for payment of income distributed by a securitisation trust, or the securitisation trust, fails to pay the tax due within the allowed time, simple interest at a monthly rate is chargeable on the unpaid tax from the day after the last due date until actual payment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest for delayed tax payment accrues on securitisation trust distributions until outstanding tax is paid.
Where the person responsible for payment of income distributed by a securitisation trust, or the securitisation trust, fails to pay the tax due within the allowed time, simple interest at a monthly rate is chargeable on the unpaid tax from the day after the last due date until actual payment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.