Accountancy, asked by guptagupta2111, 10 months ago

How many interest assessee liable to pay if he fails to pay the advance tax as required under the income tax act?

Answers

Answered by shafin90
1

According to Section 234B of the Act, interest is payable if an assessee who is liable to pay advance tax fails to pay it or if he pays less than 90 percent of the assessed tax (that is, tax on the total income declared by the assessee minus tax deducted at source).

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