https://www.taxtmi.com/manuals?id=3367 A shortfall in advance tax is ignored for calculating interest under Section 234C when it results from gains on transfer of capital assets, gambling winnings, first-time accrual of business or professional income, or dividend income, provided the tax for such income is paid in the remaining instalments immediately due after accrual or, if no instalment is due, before the end of the financial year. en-us Tue, 05 Dec 2023 14:59:00 +0530 Tue, 05 Dec 2023 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3367 A shortfall in advance tax is ignored for calculating interest under Section 234C when it results from gains on transfer of capital assets, gambling winnings, first-time accrual of business or professional income, or dividend income, provided the tax for such income is paid in the remaining instalments immediately due after accrual or, if no instalment is due, before the end of the financial year. Manuals Income Tax Tue, 05 Dec 2023 14:59:00 +0530 https://www.taxtmi.com/manuals?id=3367