Tag Archives: Section 201(1A)

Sections under which interest for various defaults need to be paid

The sections under which interest for various defaults need to be paid are as follows: Section 234A for delay in filing the return of income Section 234B for default in… Read more »

Statutory provisions attracted on failure to deposit tax in government account after deduction

If the employer has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following statutory provisions are attracted:- Interest… Read more »

What is the Interest for non-payment of tax as per demand notice?

Let us first understand the provisions of section 220(1) relating to payment of tax as per demand notice. Then we will understand the provision for levy of interest in case… Read more »