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.
Four from the following five are related in a certain way and hence form a group. Find the one who doesn’t belong to that group.
Which of the following information are not required to ascertain the position of T?
Number of person sits between C and Z when counted from the left of C is same as Number of person sits between Y and ______ when counted from right of ...
Who is between Bharath and Vijay?
Who is sitting third to the left of R?
How many persons are sitting around the circular table?
Six persons D, E, F, G, H, and I are sitting in a straight row facing north direction but not necessarily in the same order. Two persons sit between F ...
Who likes Fossil?
Who among the following attends the singing class immediately after the one who has tuition in Raipur?
Who among the following person is an immediate neighbour of V?