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 of the following is not a popular JavaScript framework/library?
Which of the following is not shell?
What is a transaction in a database management system?
Which type of variable has the widest scope and can be accessed from any part of the program?
Which of the following define the value of the number in positional number?
Which is not true for B-Tree?
In a B+ tree, the leaf nodes are typically connected in a linked list to facilitate:
When implementing a stack using two queues, what is the time complexity of the "push" operation?
What is the purpose of software maintenance?
What is a blockchain?