alleryStart learning →The 15 March instalment shortfall carries 234C interest at what rate?
AFlat 2% of the shortfall
BFlat 3% of the shortfall
C1% a month for 3 months
DFlat 1% of the shortfall
Answer & Solution
Correct answer: D. Flat 1% of the shortfall
For the March instalment the interest is a flat one per cent of the shortfall, not three months' worth.
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