https://www.taxtmi.com/article/detailed?id=12561 The article summaries statutory interest provisions for belated return filing, shortfall in advance tax and deferment of advance tax installments, notes that a central directive permits discretionary reduction or waiver of such interest in specified classes of cases provided the return for the relevant year is filed and the full tax assessed is paid, and identifies classes of cases (including seizure-related inability to file, unanticipated income, retrospective law changes, and voluntary undiscovered filings) where waiver may be considered. en-us Fri, 26 Apr 2024 20:54:30 +0530 Fri, 26 Apr 2024 20:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12561 The article summaries statutory interest provisions for belated return filing, shortfall in advance tax and deferment of advance tax installments, notes that a central directive permits discretionary reduction or waiver of such interest in specified classes of cases provided the return for the relevant year is filed and the full tax assessed is paid, and identifies classes of cases (including seizure-related inability to file, unanticipated income, retrospective law changes, and voluntary undiscovered filings) where waiver may be considered. Articles Income Tax Fri, 26 Apr 2024 20:54:30 +0530 https://www.taxtmi.com/article/detailed?id=12561