Please Help whether any interest is payable on Belated Return if the tax liability is NIL.
AY 2009-2010
Date of Filling of Return is 26th Dec'2009
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Incoem Tax
Replies (6)
No Superman...... Not At All.............
Hi, as tax liability is nil, there will be no interest...
no interest..
hey... Interest is calculated on tax liability... bt if there is no tax liability no ques of interest..
INTT. IS NOT IMPOSED BECAUSE TAX LIABILTY IS NILL.
no interest....
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