When shall interest under Section 234C be charged if the assessee has opted presumptive taxation scheme of Sections 44AD or 44ADA?

When shall interest under Section 234C be charged if the assessee has opted presumptive taxation scheme of Sections 44AD or 44ADA? https://www.taxtmi.com/manuals?id=3364 For assessees under the presumptive taxation scheme of Sections 44AD and 44ADA, interest under Section 234C applies where the advance tax paid on or before 15th March of the financial year is less than the total advance tax payable, making timely full advance tax payment by that date the operative compliance condition to avoid interest on shortfall. en-us Tue, 05 Dec 2023 14:55:00 +0530 Tue, 05 Dec 2023 15:16:00 +0530 TaxTMI RSS Generator When shall interest under Section 234C be charged if the assessee has opted presumptive taxation scheme of Sections 44AD or 44ADA? https://www.taxtmi.com/manuals?id=3364 For assessees under the presumptive taxation scheme of Sections 44AD and 44ADA, interest under Section 234C applies where the advance tax paid on or before 15th March of the financial year is less than the total advance tax payable, making timely full advance tax payment by that date the operative compliance condition to avoid interest on shortfall. Manuals Income Tax Tue, 05 Dec 2023 14:55:00 +0530 https://www.taxtmi.com/manuals?id=3364