How to calculate interest under Section 234C if the assessee has opted presumptive taxation scheme of Section 44AD or 44ADA?

How to calculate interest under Section 234C if the assessee has opted presumptive taxation scheme of Section 44AD or 44ADA? https://www.taxtmi.com/manuals?id=3366 For assessees opting for presumptive taxation, interest under the delayed-advance-tax provision is charged when advance tax paid by the prescribed cutoff is less than assessed tax; the shortfall equals assessed tax minus tax deposited by the prescribed date and simple interest at the statutory short-period rate is imposed for the single prescribed short period on that shortfall. en-us Tue, 05 Dec 2023 14:58:00 +0530 Tue, 05 Dec 2023 15:17:00 +0530 TaxTMI RSS Generator How to calculate interest under Section 234C if the assessee has opted presumptive taxation scheme of Section 44AD or 44ADA? https://www.taxtmi.com/manuals?id=3366 For assessees opting for presumptive taxation, interest under the delayed-advance-tax provision is charged when advance tax paid by the prescribed cutoff is less than assessed tax; the shortfall equals assessed tax minus tax deposited by the prescribed date and simple interest at the statutory short-period rate is imposed for the single prescribed short period on that shortfall. Manuals Income Tax Tue, 05 Dec 2023 14:58:00 +0530 https://www.taxtmi.com/manuals?id=3366