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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Interest u/s 234C - Advance Tax - The law is not at all clear - ...

Case Laws     Income Tax

June 19, 2015

Interest u/s 234C - Advance Tax - The law is not at all clear - merely because the assessee has declared higher income due to some error or mistake, the assessee shall not be liable to pay interest u/s 234C of the I.T. Act on the returned income when the assessed income falls below the returned income - AT

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