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Posted on 10 August 2018
Paying your income tax return on time is mandatory, and if you have an outstanding tax liability, you must be panelized u/s 234A.
If the taxpayer fails to pay 10% of the liability up to completion of the financial year, he is penalized with the penalty u/s 234B.
The individual can make the liability payment of tax in four installments, if you fail to do so, you must be penalized, that’s we all known:
https://financialcontrol.in/interest-under-section-234a-234b-234c/