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Interest payable under Section 234C of the Income Tax Act, 1961 is computed at simple interest at 1% per month or part of a month on the amount of advance tax that is not paid or paid in short. So, the interest is calculated on a monthly basis and not on an annual basis. This means that if a taxpayer fails to pay the advance tax on time, they will be liable to pay interest at 1% per month on the amount that is outstanding.
Who lives in Paharganj?
If Box L is placed immediately below Box F, then which among following statement is true?
Who sits third to the left of Lokesh
What is the age of the one who likes Green?
Which of the following statements is/ are true regarding W?
How many persons are celebrating between F and the one who works in Tech Mahindra?
E likes which of the following game?
Which of the following shows the position of Gems box?
On what floor is J’s Flat?
Who among the following couples are seated at same bench?