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Why are taxpayers, who filed advance tax, being asked to pay higher tax?
short by Ashley Paul / on Friday, 9 January, 2026
Several taxpayers, who'd filed advance tax, are now being asked to pay higher interest under Sections 234C and 234B than what they'd calculated. According to experts, the tax processing system is likely ignoring when the capital gains actually occurred. Instead, it's treating gains as if they existed from the financial year's start and charging interest for all advance tax instalments.
read more at Moneycontrol