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Section 234C – Interest For Default In Payment Of Instalment(s) Of Advance Tax

As per the Income Tax Act, every assessee who has Income Tax payable (more than INR 10,000) should pay tax in advance. This Advance Tax has to be paid in instalments. Taxpayers (other than those who have opted for presumptive taxation scheme of section 44AD or section 44ADA) have to pay Advance Tax instalments by … Read moreSection 234C – Interest For Default In Payment Of Instalment(s) Of Advance Tax