Interest shall be payable under Section 234B if the advance tax paid by the assessee during the financial year is:
A. Less than the assessed tax
B. Less than 90% of the assessed tax
C. Less than 90% of tax payable on the returned income
D. None of the above
Answer:B
Interest shall be payable under Section 234B if the advance tax paid by the assessee during the financial year is:
A. Less than the assessed tax B. Less than 90% of the assessed tax C. Less than 90% of tax payable on the returned income D. None of the above