Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Act 2015 amends Section 220 of Income-tax Act: New sub-section 2C prevents double interest charges.</h1> Section 220 of the Income-tax Act was amended by the Finance Act, 2015, effective June 1, 2015. A new sub-section (2C) was added, stating that if interest is charged under sub-section (7) of section 206C on a tax amount specified in an intimation under sub-section (1) of section 206CB for a certain period, then no interest shall be charged under sub-section (2) for the same amount and period.