Question

If an assessee defaults or defers their advance tax payments, interest is levied at a rate of 1% per month on the shortfall. Under the Income-tax Act, 2025, which sections govern this interest on default/deferment of advance tax?

A Sections 234B and 234C
B Sections 154 and 155
C Sections 392 and 393
D Sections 424 and 425
E Sections 501 and 502
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