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 on unpaid tax by specified persons accrues monthly from the day after due date until payment. Where a specified person, or its principal officer or trustee, fails to pay tax on accreted income within the time allowed under section 115TD(5), that person or officer is liable to pay simple interest at a monthly rate on the unpaid tax from the day after the last date for payment until actual payment; specified person is as defined in the Explanation to section 115TD (clause (iia)).
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 on unpaid tax by specified persons accrues monthly from the day after due date until payment.
Where a specified person, or its principal officer or trustee, fails to pay tax on accreted income within the time allowed under section 115TD(5), that person or officer is liable to pay simple interest at a monthly rate on the unpaid tax from the day after the last date for payment until actual payment; specified person is as defined in the Explanation to section 115TD (clause (iia)).
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