https://www.taxtmi.com/acts?id=50719 New provisions impose simple interest where returns are filed late or not filed, calculated from the day after the due date until filing or completion of assessment on tax determined on regular assessment reduced by advance tax and tax deducted at source; returns after a section 148 notice and first-time section 147 assessments are covered; interest paid under section 140A is to be credited and adjustments to interest follow assessment increases or reductions with prescribed demand and refund procedures. en-us Mon, 14 Apr 2025 18:12:37 +0530 Mon, 14 Apr 2025 18:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50719 New provisions impose simple interest where returns are filed late or not filed, calculated from the day after the due date until filing or completion of assessment on tax determined on regular assessment reduced by advance tax and tax deducted at source; returns after a section 148 notice and first-time section 147 assessments are covered; interest paid under section 140A is to be credited and adjustments to interest follow assessment increases or reductions with prescribed demand and refund procedures. Act-Rules F. Acts / Amendment Acts Mon, 14 Apr 2025 18:12:37 +0530 https://www.taxtmi.com/acts?id=50719