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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Interest u/s 201(1A) - delay in payment of TDS - the term ...


Interest on TDS Delay: "Month" Means 30 Days, Not Calendar Month, u/s 201(1A.

September 2, 2015

Case Laws     Income Tax     AT

Interest u/s 201(1A) - delay in payment of TDS - the term "month" must be given the ordinary meaning of the term of 30 days period and not the British calendar month as defined in section 3(35) of the General Clauses Act. - AT

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