Whether interest will be charged on gross OR net liability if liability is declared in subsequent month.
Proviso of 50(1) only talks about the liabilities of a tax period declared in the returns of the same tax period but after the due date
Refer Notification no 63/2020 dated 25/8/2020
Karia Overseas
Ahmedabad
CA
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O P Bagla & Co LLP
New Delhi
CA Inter
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Rahul Dang & Associates-Chartered Accountants
Pune
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