Interest under Section 234A accrues from day after return due date until filing; no interest on timely paid tax. Interest on belated income-tax returns is charged from the day after the due date for filing until the date the return is furnished; no interest is chargeable on self-assessment tax paid before the due date for filing.
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Provisions expressly mentioned in the judgment/order text.
Interest under Section 234A accrues from day after return due date until filing; no interest on timely paid tax.
Interest on belated income-tax returns is charged from the day after the due date for filing until the date the return is furnished; no interest is chargeable on self-assessment tax paid before the due date for filing.
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