Interest payable under section 234C is computed at

CS Executive · Tax Laws and Practice · PYQS · June 2015
Interest payable under section 234C is computed at
(A) Compound interest @ 1% per month
(B) Simple interest @ 1% per annum
(C) Compound interest @ 1% per annum
(D) Simple interest @ 1% per month.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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