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What are the consequences of non payment of Advance Tax?

myITreturn Helpdesk
  • Updated

Any person who fails to pay advance tax is required to pay 1% Interest per month for non payment/short payment on amount of Advance tax U/s 234B and U/s 234C.

Click here to know more about interest under section 234B

Click here to know more about interest under section 234C

 

Advance Tax, non payment of Advance Tax, Tax filing Here we explained in detail about the consequences caused due to non payment of Advance Tax.

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