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best calculate SIP returns in India for beginners ✌️【Interview】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.The taxpayer must pay simple interest at 1% per month or part thereof on the shortfall amount in each installment of advance tax.In this case since the assessee has missed the tax filing deadline, he may still file a belated income tax return.

However, he may be subjected to the aforementioned penalties and interest (if any) for the delay.Disclaimer: The views and facts shared above are those of the expert.

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