https://www.taxtmi.com/highlights?id=68101 Clarification regarding advance tax while filing Updated Return - a retrospective amendment has been proposed in section 140B(4) that interest payable under section 234B shall be computed on an amount equal to the assessed tax as reduced by the amount of advance tax, the credit for which has been claimed in the earlier return, if any. to take effect from 1.04.2022. en-us Sat, 04 Feb 2023 12:36:03 +0530 Sat, 04 Feb 2023 13:38:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68101 Clarification regarding advance tax while filing Updated Return - a retrospective amendment has been proposed in section 140B(4) that interest payable under section 234B shall be computed on an amount equal to the assessed tax as reduced by the amount of advance tax, the credit for which has been claimed in the earlier return, if any. to take effect from 1.04.2022. Highlights Income Tax Sat, 04 Feb 2023 12:36:03 +0530 https://www.taxtmi.com/highlights?id=68101