(1)Assesse is liable to pay interest under section 234C and 234B

(2)He shall be treated as assesse in default .

Liability if advance tax not paid  - Basics of Advance Tax

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant with 16+ years of practical experience and 20+ years of teaching experience. At Teachoo, he simplifies Accounts, Tax and GST with step-by-step examples so students can apply concepts confidently in exams and real life.

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