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Interest charge

Others 312 views 3 replies
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
Replies (3)

Refer Notification no 63/2020  dated 25/8/2020

Ok thanks
Net liability


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