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of <h1>Amendment to Section 234A: Tax Relief Under Section 89 Deductible for Late Filing Interest Since 2007</h1> Clause 52 of the Finance (No. 2) Bill, 2019, amends section 234A of the Income-tax Act, which deals with interest for defaults in filing income tax returns. The amendment introduces a new clause (iia) in sub-section (1), effective retrospectively from April 1, 2007. This clause allows for any tax relief granted under section 89 to be deducted from the total tax when calculating interest for late filing. This change applies to the assessment year 2007-08 and subsequent years.
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