https://www.taxtmi.com/circulars?id=10115 The Board interprets the phrase "or otherwise" in Section 215(2) to include any payment of income tax made before completion of regular assessment other than advance tax or self-assessment; such payments must be included when calculating interest under Section 215-interest is computed under Section 215(1) up to the date of payment and thereafter on the shortfall between the payment and the assessed tax. en-us Fri, 19 Oct 1973 00:00:00 +0530 Fri, 17 Jun 2011 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10115 The Board interprets the phrase "or otherwise" in Section 215(2) to include any payment of income tax made before completion of regular assessment other than advance tax or self-assessment; such payments must be included when calculating interest under Section 215-interest is computed under Section 215(1) up to the date of payment and thereafter on the shortfall between the payment and the assessed tax. Circulars Income Tax Fri, 19 Oct 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10115