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Section 234A – Interest For Defaults In Furnishing Return Of Income

The Income Tax Department expects taxable persons (assessees) to file their Income-tax Returns on or before the notified due dates. In case the assessees fail to file their Income Tax Returns within the prescribed due dates, they will be liable to pay interest for the delay. This interest is charged under Section 234A of the … Read moreSection 234A – Interest For Defaults In Furnishing Return Of Income