Interest for deferment of advance income-tax.

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..... the dates specified in column (2) of the Table given below which is less than the percentage of the advance income-tax payable specified in column (3) of the said Table, he shall be liable to pay simple interest at the rate of one per cent. per month for the period specified in column (4) of the said Table on the amount of shortfall from the percentages of advance income-tax payable as specified .....

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..... iled to pay such tax; or (b) paid the tax on or before the dates specified in column (2) of the Table given below which is less than the percentage of the advance income-tax payable specified in column (3) of the said Table, it shall be liable to pay simple interest at the rate of one per cent. per month for the period specified in column (4) of the said Table on the amount of shortfall .....

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..... One month One hundred per cent. (3) The assessee shall not be liable to pay interest under sub-section (1) or subsection (2), as the case may be, on any shortfall in the advance income-tax payable where such shortfall is on account of under estimation or failure to estimate,— (a) the amount of capital gains; or (b) income of nature listed at serial number 4 .....

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