Interest for deferment in payment of advance tax under section 234C is calculated on the tax liability computed on

CS Executive · Tax Laws and Practice · PYQS · December 2015
Interest for deferment in payment of advance tax under section 234C is calculated on the tax liability computed on
(A) Assessed income
(B) Returned income
(C) Disputed income
(D) Appealed income.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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