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 may be the code for ‘from the let’?
In a certain code, if FRESH is coded as 6-36-15-76-40, what is the code for STALE?
Which of the following will be the code of "Life"?
Which of the following is the code of ‘ get ahead ’?
In a certain language, if JUICE is written as 8 and POCKET is written as 44, then how will DEAR be written in that language?
The code “oth” represents which of the following word?
In a certain code language, COMMANDO’ is coded as ‘315131326132312’ and ‘PRINCESS’ is coded as ‘1618914242288’. What is the code of ‘MAN...
If ‘PLATINUM’ is coded as ‘98’ and ‘ WHETHER’ is coded as ‘80’, then what is the code for ‘ NUISANCE’ ?
...If ‘DOG’ = 78, then ‘BARK’ = (?)
What is the code for “Never together” in the given code language?