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Advance Tax

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29 December 2009 A Co.fails to pay the advance tax due on 15/12 but pays it on the 29/12. What is interest due as per 234C.

30 December 2009 1%

30 December 2009 yes agree
Interest for belated payment of tax: [Section 220(2)]Interest: If the amount demanded as per notice u/s 156 is not paid within the period specified in that notice the Assessee shall be liable to pay a simple interest @ 1 % per month or part
of a month


31 December 2009 1% Per month



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