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of <h1>Interest on Late Tax Returns: Include Filing Date in Calculation, Confirms Instruction No. 811/CBDT, Section 139(8.</h1> Instruction No. 811/CBDT, dated December 11, 1974, addresses the computation of interest under Section 139(8) of the Income Tax Act, 1961. This section mandates a 12% per annum interest on late income tax returns filed after the specified date. A query was raised regarding whether the actual date of filing the return or completing the assessment under Section 144 should be included in the interest calculation period. After consultation with the Ministry of Law, it was determined that the actual date should indeed be included. These instructions are to be communicated to all relevant officers.
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