Interest under Section 234A is not levied on additional income tax under Section 140B, per FAQs on interest provisions. Interest under Section 234A does not apply to the additional income tax arising under Section 140B, as stated in the FAQs on interest provisions, ... Summary
Interest under Section 234A is not levied on additional income tax under Section 140B, per FAQs on interest provisions.
Interest under Section 234A does not apply to the additional income tax arising under Section 140B, as stated in the FAQs on interest provisions, indicating that the delay-interest mechanism of Section 234A does not extend to that category of additional tax.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
