https://www.taxtmi.com/acts?id=3282 Where a fringe benefits return is filed late or not filed, the employer is liable to pay simple interest from the day after the due date until filing or until assessment completion. Interest is charged on the tax determined on the value of fringe benefits, reduced by advance tax paid. The statutory definition of "due date" applies and an assessment made for the first time under the specified assessment provision is treated as a regular assessment. Procedural provisions analogous to those for delayed income-tax returns apply as far as relevant. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 24 Jun 2025 15:11:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3282 Where a fringe benefits return is filed late or not filed, the employer is liable to pay simple interest from the day after the due date until filing or until assessment completion. Interest is charged on the tax determined on the value of fringe benefits, reduced by advance tax paid. The statutory definition of "due date" applies and an assessment made for the first time under the specified assessment provision is treated as a regular assessment. Procedural provisions analogous to those for delayed income-tax returns apply as far as relevant. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3282