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[Cites 0, Cited by 0] [Section 266] [Entire Act]

Union of India - Subsection

Section 266(5) in The Income Tax Act, 2025

(5)For the purposes of sub-section (1), interest payable under section 424 shall be computed on an amount equal to the assessed tax or, as the case may be, on the amount by which the advance tax paid falls short of the assessed tax.