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.
In which year was the Fiscal Responsibility and Budget Management (FRBM) Act enacted?
Which organization publishes the World Economic Outlook report.
Market of government securities is also known as
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Who heads the National Development Council (NDC)?
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The Census 2011 was conducted in two phases. Which are these two phases?
i. House listing
ii. Population enumeration
iii. ...
Balance of trade is the _______________.
Consider the following statements about government securities and derivatives:
(I) Government Securities are risk-free gilt-edged instruments....
Indian Financial System Code (IFSC) is a / an
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