73A. Delay Interest for not filing return on or before the Tax Day.-

¹[73A. Delay Interest for not filing return on or before the Tax Day.-

(1) Where an assessee is required to file a return of income for an assessment year under section 75 and fails to file the same before the expiry of the Tax Day, the assessee shall, without prejudice to any other consequences to which he may be liable to, pay a delay interest at the rate of two percent (2%) per month on the difference between the tax assessed on total income for the assessment year and the tax paid in advance for the assessment year including the tax deducted or collected or collected at source;

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Added by F.A. 2016

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Nowshad Amin Chowdhury