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Finmin Issues I-T Bill Corrigendum
Mint Mumbai
|August 13, 2025
The finance ministry on Tuesday notified a corrigendum to the Income-tax Bill with regard to interest to be charged on short payment of advance tax by a taxpayer.
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The corrigendum, which provides for 3% interest on short payment of advance tax, aligns the clause with the existing provisions in the Income-tax Act, 1961.
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