Interest for defaults in furnishing return of net wealth

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....nbsp; (a) where the return is furnished after the due date, ending on the date of furnishing of the return, or            (b) where no return has been furnished, ending on the date of completion of the assessment under sub-section (5) of section 16, on the amount of tax payable on the net wealth as determined ^3[under sub-section (1) of section 16 or] on regular assessment.      Explanation 1.-In this section, "due date" means the date specified in sub-section (1) of section 14 as applicable in the case of the assessee.      ^4[Explanation 2.-In this sub-section, "tax payable on the net wealth as determined under sub-section ....

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....lowing the expiry of the time allowed as aforesaid, and,-            (a) where the return is furnished after the expiry of the time aforesaid, ending on the date of furnishing the return ; or            (b) where no return has been furnished, ending on the date of completion of the reassessment under section 17, on the amount by which the tax on the net wealth determined on the basis of such reassessment exceeds the tax on the net wealth as determined ^8[under sub-section (1) of section 16 or] on the basis of the earlier assessment aforesaid.      Explanation.- ^9[***]      &nbs....