Amendment status not verified — confirm the current text below against the official source.
inserted, namely :- "35H. Interest for deferment of Advance tax.-- Where, in any financial year, the assessee, who is liable to pay advance tax under section 35 or 35A, has failed to pay such tax by the prescribed date, he shall be liable to pay simple interest at the rate of one and half percent per month with effect from the immediate next day of the day as prescribed for payment of advance tax for the respective quarter, on the unpaid amount by which the tax to be paid for that quarter falls short, till the date of full payment of such short fall : Provided, however, that the provisions of this section shall apply only upto the end of the financial year, after which the provision of section 35C as renumbered, shall apply. Am~nd~et of 6. In the principal Act, in section 36, in sub-section section · (2), the following proviso shall be inserted, namely:- "Provided that no order of imposition of penalty under this section shall be made unless the assessee has been heard or has been given a reasonable opportunity of being heard." Amendment of 7. In the principal Act, in section 39, in sub-section section 39. (2), in the last line, for the words, "six percent per annum", the words "twelve percent per annum" shall be substituted. Amendment of In the principal Act, section 39 A shall be deleted section 39A. and section 39B shall be renumbered as section 39A. M. K. DEKA, Secretary to the Govt. of Assam, Legislative Department. GUW AHA TI - Printed and published by the Dy. Director(P) Directorate of Ptg. & Sty., Assam, Guwahati-21(Ex-Gazette) No.143-600-1-6-99.