(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

  1. Income Tax
  2. Advance Tax Computation

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.