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Interest u/s 234A, 234B and 234C Decoded!

Failed to pay taxes on time? You can pay taxes now, but interest on delay in payment of taxes is required to be paid. There are three sections governing interest on delay of payment of taxes.In this blog we will discuss interest u/s 234A, 234B and 234C of Income Tax Act, 1961.The brief of the three sections is as below:Section 234 ADelay in filing the return of incomeSection 234 BNon-payment or short payment of advance taxSection 234 CNon-payment or short payment of individual installment or installments of advance tax (i.e.,SEE DETAILS