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Interest

Interest 

CLAUSE(S) OF
FINANCE BILL,
2017 		 PARTICUL ARS OF AMENDME NTS SECTION AMENDMENT / NEWLY
INSERTED		 APPLICABLE
W.E.F. 		 BRIEF OF AMENDMENT 
74 Interest  Sec 234C(1) Clause (d) Inserted Amended 01.04.17 For assessee referred in section 44AD(1) and
44ADA(1), interest under the said section shall be
levied, if the advance tax paid on or before the 15th
March is less than the tax due on the returned income.

Interest u/s 234C shall not be levied on account of
shortfall in payment of advance Tax for under
estimation of Dividend income received from domestic
companies under sub-section (1) of section 115BBDA.
Budget 2017 | Adreeja Kaur |

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