https://www.taxtmi.com/acts?id=4074 Where a taxpayer required to send an advance tax statement or estimate fails to do so, interest is payable from the first day of April following the financial year in which advance tax was payable up to the date of regular assessment upon the amount equal to the assessed tax or, where applicable, upon the shortfall between advance tax paid and the assessed tax; the computation and adjustment provisions of the related interest section apply. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 21 Jul 2025 16:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4074 Where a taxpayer required to send an advance tax statement or estimate fails to do so, interest is payable from the first day of April following the financial year in which advance tax was payable up to the date of regular assessment upon the amount equal to the assessed tax or, where applicable, upon the shortfall between advance tax paid and the assessed tax; the computation and adjustment provisions of the related interest section apply. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4074