Interest for default in payment of installments of advance tax is levied u/s
Interest for default in payment of installments of advance tax is levied under section 234C of the Income Tax Act. Section 234C applies when an assessee is required to pay advance tax in installments during the financial year but fails to do so or pays an amount less than the prescribed amount for each installment. The provision aims to encourage timely payment of advance tax and penalizes the assessee for delaying or underpaying the installments. It ensures that the government receives a steady flow of tax revenue throughout the year rather than waiting until the end of the financial year.
Difference between standard cost and actual cost is called as:
Which among the following will not lead to generation of cash flows in financing activities?
The managerial leadership style is better known as ___________
Under PM Garib Kalyan Yojana, how many poor families were provided with free gas cylinders for three months?
The Reserve Bank has notified that the retail investors can subscribe to Floating Rate Savings Bonds, 2020 (Taxable) through its Retail Direct portal. F...
Which organization partnered with UGRO Capital to enhance loan facilitation for the MSME sector?
What is the risk measure associated with the Capital Market Line (CML)?
Who was appointed as the MD & CEO of Dhanlaxmi Bank?
If an individual is unable to pay back the overdraft taken by him it is known as
…………. refers to a plan relating to a definite future period of time expressed in monetary or quantitative terms.
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