Interest under Section 234A accrues from the day after the return due date until best judgment assessment completion. Interest under Section 234A is charged from the day after the due date for filing the income tax return and continues until the date on which the best ... Summary
Interest under Section 234A accrues from the day after the return due date until best judgment assessment completion.
Interest under Section 234A is charged from the day after the due date for filing the income tax return and continues until the date on which the best judgment assessment is completed, tying the accrual period to non furnishing of the return and the administrative completion of assessment.
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