Tax
Section 234B 234C
Also known as: Interest on Advance Tax, 234B 234C Interest
Interest charged for delay in payment of advance tax and shortfall in advance tax payments.
Detailed Explanation
Section 234B charges interest for non-payment or short payment of advance tax, while Section 234C charges interest for deferment of advance tax. For F&O traders, missing quarterly advance tax deadlines results in automatic interest charges on the tax liability.