Interest for default in payment of advance income-tax.

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....es specified in sub-section (2) for the period mentioned in sub-section (3) on the amount computed under sub-section (4).    (2) The circumstances referred to in sub-section (1) shall be the following, namely:—      (a) where the assessee is liable to pay advance income-tax under section 205 and has failed to pay such tax; or      (b) wh....

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....essee has paid self-assessment tax under section 147 before the date of determination of total income or the date of an assessment referred to in clause (b) of sub-section (3), as the case may be,—        (i) the assessed tax less the advance tax, for the period up to the date on which the self assessment tax is paid; and        (....

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....nbsp;   (ii) any relief of tax claimed under section 207; and       (iii) any tax credit available for set-off under section 106.    (6) Where tax is paid under section 147 or otherwise before the determination of total income under sub-section (1) of section 149 or completion of an assessment referred to in clause (b) of sub-section (3), interest....

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....of one per cent. per month for the period mentioned in sub-section (8) on the amount computed under sub-section (9).    (8) The period referred to sub-section (7) shall commence on the day immediately following the end of the period, as applicable, mentioned in sub-section (3) and end on the date of reassessment under section 159.    (9) The amount referred to in sub-sect....