Interest on late tax return filing accrues when a return is submitted after the due date or not filed. Interest under Section 234A is imposed where an income tax return is furnished after the statutory due date or where the return is not furnished at all, ... Summary
Interest on late tax return filing accrues when a return is submitted after the due date or not filed.
Interest under Section 234A is imposed where an income tax return is furnished after the statutory due date or where the return is not furnished at all, the liability arising solely on the ground of late filing or non furnishing of the return.
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