alleryStart learning →Net tax is Rs 50,000. The return is filed 3 months 5 days late. What is 234A interest?
ARs 2,500
BRs 2,000
CRs 750
DRs 1,500
Answer & Solution
Correct answer: B. Rs 2,000
Three months and five days counts as four months, so 1% of Rs 50,000 times 4 is Rs 2,000.
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