alleryStart learning →Section 234C interest on a non-company instalment shortfall runs at what rate?
A1% a month, 3 months
B1.5% a month, 3 months
C2% a month, 3 months
D1% a month, 12 months
Answer & Solution
Correct answer: A. 1% a month, 3 months
The section charges simple interest at one per cent per month for three months on the shortfall.
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