An assessee liable to pay advance tax is not liable to pay interest u/s 234B if the advance tax paid by him is not less than
An assessee liable to pay advance tax is not liable to pay interest under section 234B of the Income Tax Act if the advance tax paid by them is not less than 90% of the advance tax payable by them. Advance tax is a system where taxpayers are required to estimate their income for the financial year and pay taxes on a quarterly basis rather than waiting until the end of the year. Section 234B of the Income Tax Act deals with the interest charged on the shortfall of advance tax payments. If an assessee fails to pay advance tax or pays an amount less than the prescribed percentage, which is generally 90% of the advance tax liability, they may be liable to pay interest under section 234B. However, if the assessee has paid at least 90% of the advance tax payable, they will not be charged interest under this section.
Which aspect does the vertical section in a Mould Board Plough primarily allow adjustment for?
In dry milling process prior to treatment with oil, in pulse the following operation is done
Flooding method of irrigation is used, when
Which of the following tillage equipment, is a secondary tillage equipment?
What is the order of distance for interatomic forces to be active?
Sex chromosomes are chromosomes that carry the genes that determine the sex of an individual. Sex Chromosomes are also known as:-
RT-46 is a variety of which crop?
“As we increase the production of one good, the opportunity cost to produce the additional good will also increase”, this is stated in
A mutation which kills 50% of the individuals that carry the mutation is referred to as
Which of the following is not matched correctly?