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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on interest under section 234A, 234B, 234C and 234D |
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Which amount shall be considered to calculate interest under Section 234B if advance tax is not paid? |
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Ans. Where the assessee has the liability to pay the advance tax, but he failed to pay the same, the interest shall be charged on the whole amount of tax computed on his total income. |
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