Under the Income-tax Act, 2025, interest for deferment of advance tax generally arises from
Interest for deferment of advance tax generally arises when the prescribed instalments are paid late or fall short of the required amounts. This liability is distinct from…
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Under the Income-tax Act, 2025, interest for deferment of advance tax generally arises from
Answer and explanation
Correct answer B
Interest for deferment of advance tax generally arises when the prescribed instalments are paid late or fall short of the required amounts. This liability is distinct from interest for a late return, a tax-deduction default or delayed payment of a demand.
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Karnataka SET (KSET)