Interest u/s 234B in Case of Reassessment From Date of Processing Only !

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Interest u/s 234B is charged if the assessee does not pay 90% of the tax during the year itself.When interest u/s 234B of the Income Tax Act is computed , the period from which the it should be counted in case where the return of the assessee is processed u/s 143(1) and subsequently reassessed u/s…

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