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of <h1>Assessee Must Pay Tax, Interest, and Additional Income-Tax Before Filing Return Under Specified Sections</h1> Where an assessee has not furnished a return under specified sections and tax is payable based on an updated return, the assessee must pay the tax along with interest, fees, and additional income-tax before filing the return, providing proof of payment. The additional income-tax varies from 25% to 70% of the aggregate tax and interest, depending on the delay in filing beyond prescribed time limits. The computation considers advance tax paid, tax deducted or collected at source, and various tax reliefs or credits claimed. If an earlier return was filed, adjustments are made for previously paid interest and refunds. Interest calculations and tax assessments are detailed, with provisions allowing the tax authority to issue guidelines to resolve difficulties, subject to parliamentary oversight. Interest payable is computed according to specified sections, and prior interest payments reduce current interest liability except for cases with no earlier return.
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