Section 234C of the Income tax Act provides for levy of interest on account of default in payment of instalments of advance tax at specified rates and for the specified time period. The petitioner ...

Advance tax is the income tax which is paid by the taxpayer in advance instead of making a lump sum payment at the end of the financial year. It is basically the tax which you pay as you earn. The ...

Please register yourself for unlimited free access. Redirecting to register page ...