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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.
If I am suffering from glaucoma, I need to consult a:
In August 2020, the Africa Regional Certification Commission certified the WHO
African Region as free from _______ after four years without a case?
Which of the following is the most widely used method for refining impure metals?
Among the five recipients of Wisden Cricket Award 2022, Rohit Sharma with which other Indian cricketer has been nominated for this award?
Piyush Goyal is the minister of Railways as well as of which ministry?
Nirmala Panikar received the Sangeet Natak Akademi Award-2019 (given in February 2023) for her contribution to ________ dance form.
President of India is empowered to make which of the following appointments?
A. Chief of the Army
B. Speaker of the Lok Sabha
C. Ch...
Where is Duncan passage located?
What is the proportion of the Central government’s ownership of capital in Regional Rural Banks?
What is the currency of Japan?