Question
Interest payable by a non-corporate assessed for
deferment of advance tax isSolution
Non-corporate taxpayers who defer advance tax payments are typically required to pay interest on the deferred amount. The interest rate is usually around 1% per month (1% p.m.) on the amount of tax deferred. This is a common provision in many tax systems to encourage timely payment of taxes and to compensate the government for the delayed receipt of tax revenue.
More Accounts Questions
3, 6, 18, 90, 630, 5670
332, 404, 350, 390, 360, 380
42, 61, 78, 93, 102, 109
66, 220, 384, 543, 702, 861
45, 166, 310, 480, 675, 900
Find the wrong number in the given number series.
32, 61, 92, 129, 170, 211
- Find the wrong number in the given number series.
310, 259, 208, 167, 128, 115 Find the wrong number in given number series.
2669, 2838, 2993, 3185, 3397, 3629
- Find the wrong number in the given number series.
10, 35, 260, 885, 2110, 4135 Find the wrong number in given number series.
1177, 1161, 1125, 1061, 961, 837.
Relevant for Exams:
