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Amendment of section 234C - levy of interest - It is proposed to make consequential amendments in sub-section (1) of section 234C in view of the amendments made in section 211 so as to levy interest on deferment of advance tax in the same manner as applicable to the company to an assessee (other than company) also. Further with regard to an eligible assessee referred to in section 44AD it is proposed to provide that interest shall be levied if the advance tax paid on or before the 15th day of March is less than the tax due on the returned income.

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