Question
Interest payable u/s 234C is computed
at?Solution
Interest payable under Section 234C of the Income Tax Act, 1961 is computed at simple interest at 1% per month or part of a month on the amount of advance tax that is not paid or paid in short. So, the interest is calculated on a monthly basis and not on an annual basis. This means that if a taxpayer fails to pay the advance tax on time, they will be liable to pay interest at 1% per month on the amount that is outstanding.
National Agricultural Technology Project was started in the year:
Thickness of UV stabilized polyethylene used as a cladding material in greenhouse is
The ratio of weight of unit volume of dry soil including pore spaces to weight of an equal volume of water is:
It is the tendency of some crops to absorb and accumulate nutrients far in excess of their actual needs if it is present in sufficiently large quantitie...
Method of extreme form of minimum tillage where primary tillage is completely avoided and secondary tillage is restricted to row zone or seed bed zone o...
Paddy and straw are an example of
When one buyer and larger number of sellers, the market condition is known as
The type of farming that reduces risk is known as______
Which crop, known for its cultivation in semi-arid regions and often referred to as a 'camel crop' due to its drought resistance, has a relatively low l...
A microbial process in the nitrogen cycle that involves the reduction of nitrate (NO ₃⁻ ) and nitrite (NO ₂⁻ ) in soil or water to gaseous nitro...
Relevant for Exams:
