MEANING OF TAX

Tax queries 878 views 1 replies

Hi friends,

What is the meaning of 'income tax'? Does it include "interest on Income tax" (i.e interest u/s 234A,234B).

Replies (1)

Income tax has ben defined in section 4 of IT Act 1961.

Interest on Income-tax is the financial charge that is levied on the delayed payment of Income tax due.


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