Question
 Interest for default in payment of installments of
advance tax is levied u/sSolution
Interest for default in payment of installments of advance tax is levied under section 234C of the Income Tax Act. Section 234C applies when an assessee is required to pay advance tax in installments during the financial year but fails to do so or pays an amount less than the prescribed amount for each installment. The provision aims to encourage timely payment of advance tax and penalizes the assessee for delaying or underpaying the installments. It ensures that the government receives a steady flow of tax revenue throughout the year rather than waiting until the end of the financial year.
What will come in the place of the question mark (?) in the following equation if ‘+’ and ‘-’ are interchanged and ‘x’ and ‘÷’ are inte...
Select the option that represents the letters which, when sequentially placed from left to right in the blanks below, will complete the letter series.
Select the option that is related to the third term in the same way as the second term is related to the first term.
FRONTIER : GSNOUHDS :: CLOSING : ?
Find the wrong number in the following number series:
10, 17, 26, 36, 50
In a certain code language, ‘our new car’ is coded as ‘xa oc pu’, ‘new friends came’ is coded as ‘mi ld xa’ and ‘came with car’ is c...
Which two numbers should be interchanged to make the given equation correct?
45 ÷ 3 + 12 × 9 – 15 + 2 × 5 = 36
(NOTE: Numbers must be...
Select the figure which will replace the question mark (?) in the given figure to complete the pattern.
Which of the following numbers will replace the question mark (?) in the given series?
352, 326, 284, 225, 148, ?
Select the option that is related to the third word in the same way as the second word is related to the first word. (The words must be considered as me...
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