https://www.taxtmi.com/acts?id=50898 The amendment exempts from section 234C any shortfall in advance tax caused by under estimating or failing to estimate capital gains or the specified income category, provided the assessee pays the full tax attributable to that income as part of the immediately due instalment or, if none is due, by the last day of the financial year. It also replaces the Explanation's reference to tax "deductible at source" under Chapter XVII B with "deductible or collectible at source" under Chapter XVII. en-us Wed, 16 Apr 2025 16:54:32 +0530 Thu, 17 Apr 2025 13:15:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50898 The amendment exempts from section 234C any shortfall in advance tax caused by under estimating or failing to estimate capital gains or the specified income category, provided the assessee pays the full tax attributable to that income as part of the immediately due instalment or, if none is due, by the last day of the financial year. It also replaces the Explanation's reference to tax "deductible at source" under Chapter XVII B with "deductible or collectible at source" under Chapter XVII. Act-Rules F. Acts / Amendment Acts Wed, 16 Apr 2025 16:54:32 +0530 https://www.taxtmi.com/acts?id=50898