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Section 234B – Interest For Defaults In Payment Of Advance Tax

Payment of Advance Tax is mandatory when the tax liability is more than INR 10,000. To ensure that taxpayers pay Advance Tax on time, the Income Tax Department has introduced section 234B to levy interest in case there is a default in the payment of Advance Tax. In this article, we will discuss the provisions … Read moreSection 234B – Interest For Defaults In Payment Of Advance Tax