An individual is liable to pay interest in case he defaults in paying advance tax or has failed to deposit advance tax. If 90% of the advance taxes due is not paid within the prescribed due date, interest @ 1% is charged for non-payment of advance tax for each month (including part month) till taxes are paid.
About This Community
|Asked: 12/21/18, 2:20 AM|
|Seen: 229 times|
|Last updated: 2/2/19, 1:18 AM|