1 Replies
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 22 March 2019
Sec 234B is interest for default in payment of advance tax.
If you have paid less than 90% of your assessed tax as an advance tax, then you shall have to pay interest @ 1% per month starting from 1st April till the month in which you file returns
If you have paid less than 90% of your assessed tax as an advance tax, then you shall have to pay interest @ 1% per month starting from 1st April till the month in which you file returns
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