Advance Tax Late? Know Section 234B & 234C Charges
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Advance Tax Late? Know Section 234B & 234C Charges
Section 234B and Section 234C of the Income Tax Act deal with interest on delay or default in payment of advance tax. If a taxpayer fails to pay at least 90% of the total tax liability before the end of the financial year, interest under Section 234B may be charged. Section 234C applies when advance tax installments are not paid on time or are ...
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