https://www.taxtmi.com/acts?id=46067 The amendment creates interest liabilities for failure to furnish advance tax estimates or for underpayment: interest at nine per cent per annum runs from the 1st day of April after the relevant financial year until regular assessment. If no estimate is furnished, interest is charged on the amount equal to the assessed tax; if an estimate under the alternate provision is omitted, interest is charged on the shortfall between advance tax paid and the assessed tax. en-us Wed, 11 Dec 2024 17:51:17 +0530 Wed, 11 Dec 2024 17:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46067 The amendment creates interest liabilities for failure to furnish advance tax estimates or for underpayment: interest at nine per cent per annum runs from the 1st day of April after the relevant financial year until regular assessment. If no estimate is furnished, interest is charged on the amount equal to the assessed tax; if an estimate under the alternate provision is omitted, interest is charged on the shortfall between advance tax paid and the assessed tax. Act-Rules F. Acts / Amendment Acts Wed, 11 Dec 2024 17:51:17 +0530 https://www.taxtmi.com/acts?id=46067