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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Amendment of section 234C - no interest shall be levied to any ...

Bill

March 2, 2016

Amendment of section 234C - no interest shall be levied to any shortfall in the payment of the tax due on the returned income where such shortfall is on account of under-estimate or failure to estimate income under the head “Profits and gains of business or profession” in cases where the income accrues or arises under the said head for the first time.

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  10. Interest u/s 234B and 234C charged for default in payment of advance tax - assessee has submitted certificate from the Punjab National Bank that the cheques issued by...

 

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