alleryStart learning →Tax due Rs 2,00,000; Rs 1,20,000 paid by 15 Dec. 234C interest on that shortfall?
ARs 300
BRs 2,700
CRs 1,800
DRs 900
Answer & Solution
Correct answer: D. Rs 900
The 75 percent target is Rs 1,50,000, so the Rs 30,000 shortfall at 1% for three months gives Rs 900.
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Related questions
Section 234F applies to returns for which assessment years?As worded in section 234F, total income is Rs 8 lakh and the return is filed on 20 DecembeAs worded in section 234F, an individual with total income Rs 4,50,000 files after 31 DeceTax due on the returned income in 234C is tax on income declared where?Under-estimating which income does not attract 234C if paid in later instalments?Who pays advance tax in a single instalment by 15 March under 234C?A June shortfall escapes 234C if advance tax paid is at least what share?The 15 March instalment shortfall carries 234C interest at what rate?