https://www.taxtmi.com/acts?id=21215 The amendment to Section 234C, effective 1 June 2016, revises advance tax installment benchmarks and prescribes simple interest on shortfalls: non presumptive taxpayers face staged installment requirements with interest on periodic shortfalls subject to a moderating proviso for minimum early payments, while presumptive taxpayers under the presumptive taxation regime are liable to simple interest only for any final shortfall. The proviso is expanded to include income from business or profession arising for the first time and related cross reference adjustments. en-us Fri, 06 May 2016 16:48:13 +0530 Fri, 06 May 2016 16:48:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21215 The amendment to Section 234C, effective 1 June 2016, revises advance tax installment benchmarks and prescribes simple interest on shortfalls: non presumptive taxpayers face staged installment requirements with interest on periodic shortfalls subject to a moderating proviso for minimum early payments, while presumptive taxpayers under the presumptive taxation regime are liable to simple interest only for any final shortfall. The proviso is expanded to include income from business or profession arising for the first time and related cross reference adjustments. Act-Rules F. Acts / Amendment Acts Fri, 06 May 2016 16:48:13 +0530 https://www.taxtmi.com/acts?id=21215