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.
The Polaris Dawn mission achieved which of the following milestones?
Match the following hormones with their primary functions:
- The Gussadi dance is traditionally performed by which tribal community?
- Cinnabar is primarily an ore of which element?
Where was the Women’s Asian Champions Trophy 2024 Hockey Tournament hosted from November 11th to 20th?
Identify the correct statement(s):
1. The theme of Aero India 2025 is The Runway to a Billion Opportunities.
2. Aero India is held every year.
- Where did the Indian Armed Forces conduct Exercise Desert Hunt 2025?
Ropar is situated on the banks of which river?
Consider the following statements with respect to ELI Scheme:
1. The ELI scheme aims to generate income opportunities for approximately 2 cror...
The Kochi–Lakshadweep submarine optical fibre cable project, inaugurated by Prime Minister Narendra Modi, was executed by which country's firm?
