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Income Tax - Highlights / Catch Notes

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Interest on late payment of TDS u/s 201(1A) - For the purpose of ...


Interest on Late TDS Payment: "Month" Defined as 30 Days Instead of British Calendar in Section 201(1A) Calculation.

December 24, 2019

Case Laws     Income Tax     AT

Interest on late payment of TDS u/s 201(1A) - For the purpose of computation of interest, the expression month is to be interpreted as period of 30 days and not British calendar.

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