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Income Tax - Highlights / Catch Notes

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Levy of interest u/s. 234B and 234C - MAT - after 07.1.2011 ...

Income Tax

March 28, 2016

Levy of interest u/s. 234B and 234C - MAT - after 07.1.2011 position became very clear that the assessees to be taxed u/s. 115 JB would also have to pay advance tax - interest should be levied for the default of March installment only and not for the earlier three installments. - AT

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  9. Assessee was liable to pay interest u/s 234B and 234C of the Act in respect of tax determined on the basis of Section 115JA - HC

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