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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Interest liability under Section 234B - non-payment of advance ...


Section 234B Interest Not Applicable: No Advance Tax or TDS Deduction Required for NIL Income Returns in Reassessment.

January 31, 2015

Case Laws     Income Tax     HC

Interest liability under Section 234B - non-payment of advance tax - non deduction of tds - no interest is leviable on the respondent assessees under Section 234B, even though they filed returns declaring NIL income at the stage of reassessment. - HC

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