https://www.taxtmi.com/acts?id=4073 Where, on regular assessment, the Assessing Officer finds that an assessee has under estimated advance tax or wrongly deferred advance tax payment, the officer may direct payment of simple interest for the period of deficiency or deferral. For under estimation, interest is charged on the difference between amounts actually paid in each deficient instalment and the instalments that should have been paid, having regard to aggregate advance tax paid. A deemed due date rule treats instalments due before six months into the previous year as becoming due fifteen days after that six month period. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 21 Jul 2025 16:40:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4073 Where, on regular assessment, the Assessing Officer finds that an assessee has under estimated advance tax or wrongly deferred advance tax payment, the officer may direct payment of simple interest for the period of deficiency or deferral. For under estimation, interest is charged on the difference between amounts actually paid in each deficient instalment and the instalments that should have been paid, having regard to aggregate advance tax paid. A deemed due date rule treats instalments due before six months into the previous year as becoming due fifteen days after that six month period. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4073