Just a moment...
We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic
• Quick overview summary answering your query with references
• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced
• Includes everything in Basic
• Detailed report covering:
- Overview Summary
- Governing Provisions [Acts, Notifications, Circulars]
- Relevant Case Laws
- Tariff / Classification / HSN
- Expert views from TaxTMI
- Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.
Help Us Improve - by giving the rating with each AI Result:
Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
<h1>Interest for default in advance tax: 1% per month from 1 April where advance tax is unpaid or insufficient.</h1> Interest is payable where advance tax is unpaid or less than 90% of the assessed tax at simple interest of 1% per month from 1 April of the assessment year. The amount on which interest is computed is the tax determined on assessment, less reliefs and credits (sections 89/90/90A/91, MAT/AMT credits, TDS/TCS) and advance tax. Interest paid under section 140A reduces liability under section 234B, and adjustments follow consequential changes from assessment, rectification or settlement commission orders.