Budget 2024: Call for Amendments to Advance Tax Provisions for Individuals

Last updated: 09 July 2024

The Income-tax Act requires taxpayers to pay advance taxes if their liability exceeds Rs. 10,000. However, under Section 234C, interest is charged for a full three-month period until the next installment date, which can be particularly unfair for certain groups, such as gig workers. This has raised

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Category Union Budget   Report

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