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.
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.
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