https://www.taxtmi.com/acts?id=20475 Amendment aligns the advance tax deferment interest mechanism to apply the company style instalment and simple interest regime to non corporate assessees, prescribes interest where instalments fall short of statutory benchmarks and provides that shortfalls due to under estimation or first time business income recognition under Profits and Gains of Business or Profession are excluded from that interest levy. en-us Mon, 29 Feb 2016 17:02:39 +0530 Mon, 29 Feb 2016 17:02:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20475 Amendment aligns the advance tax deferment interest mechanism to apply the company style instalment and simple interest regime to non corporate assessees, prescribes interest where instalments fall short of statutory benchmarks and provides that shortfalls due to under estimation or first time business income recognition under Profits and Gains of Business or Profession are excluded from that interest levy. Act-Rules Bills Mon, 29 Feb 2016 17:02:39 +0530 https://www.taxtmi.com/acts?id=20475