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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Computation of interest u/s 234A and 234B of the Act - the ...


Seized funds count as advance tax from seizure date for interest calculation u/ss 234A and 234B.

June 11, 2014

Case Laws     Income Tax     AT

Computation of interest u/s 234A and 234B of the Act - the seized amount shall be treated as payment of advance tax on the date of seizure itself. - AT

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