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.
Which of the following is not treated as 'promissory note' as per Section 4 of the Negotiable Instrument Act, 1881?
A signed the instrument in fo...
As per IPC what is the punishment for concealing with intent to facilitate design to wage war?
All sums realised by way of penalties under the SEBI Act shall be credited to the __________________
Whoever, with the deliberate intention to wound religious feelings of any person. utter words or make any sound is liable for punishment under of the I...
________________ in India is known as the court of record
Under which Article the definition of state include the government and parliament of India, Government and Legislature of State and all local authoriti...
The Schedule of Limitation Act, 1963 contains-
Which of the following is NOT a general exception under chapter 4 of Indian Penal Code?
Article 16(4) refers to
Under the Prevention of Money-Laundering Act, 2002 the Central Government, in consultation with the ________________, shall, for trial of offence punish...