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.
9 17 53 103 310 619
...19, 20, 39, 59, 98, 156, 255
- 1054, 910, 714, 456, 134, -266
- Find the wrong number in the given number series.
8, 19, 12, 23, 16, 36 21 32 54 86 131 186
...1, 4, 20, 126, 1026, 10170
17, 33, 69, 133, 233, 370
332, 404, 350, 390, 360, 380
Find the wrong number in the given number series.
1, 8, 27, 65, 125, 2163, 8, 28, 88, 258, 648