1. Section 234A – Interest for default in furnishing return of Income
(A) Where the return of income for any Assessment year is furnished after the due date specified
in section 139(1) or is not furnished the assessee shall be liable to pay simple Interest @ 1% for
every month or part of a month.
Section 139(1) specifies due dates for filing voluntary returns of a company, a person (other than
a company), or any other assessee.
(B) The interest shall be payable for the period commencing from the date immediately
following the due date and -
(1) Where the return is furnished after due date, ending on the date of furnishing the return; or
(2) Where no return has been furnished, ending on the date of completion of Assessment u/s 144.
(Best Judge Assessment)
(C) The Interest shall be calculated on amount of tax on total income as determined u/s 143(1) or
on regular assessment as reduced by the advance tax pain and any tax deducted or collected at
source and relief from double taxation u/s 90, 90A or deduction from double taxation u/s 91 and
amount of MAT credit allowed to be set off u/s 115JAA.
Rule 119A :
Any fraction beyond the nearest multiple of ` 100/- will be ignored in the calculation of interest
payable or receivable by the assessee.
Section 234B – Interest for defaults in payment of Advance tax
(A) Where in any financial year, an assessee who is liable to pay advance tax u/s. 208 has failed
to pay such tax or the advance tax paid by such assessee is less than 90% of the assessed tax, the
assessee shall be liable to pay simple interest @ 1% for every month or part of a month.
(B) The period for which interest is payable would be the period from the first day of April next
following such financial year to the date of determination of total income u/s. 143(1). However,
if regular assessment u/s. 143(3) is completed, then interest is chargeble up to the date of regular
assessment.
(C) The amount on which interest shall be calculated shall be the amount equal to the assessed
tax or on the amount by which the advance tax paid falls short of the assessed tax.
Section 234C – Interest for deferment of Advance tax
(A) In the case of companies calculation of interest u/s. 234C shall be as follows: Where the
advance tax paid by the company on its current income on or before 15th June, 15th September,
15th December is less than 15%, 45% and 75% respectively on the returned income, then the

2. company shall be liable to pay simple interest at the rate of 1% per month for a period of three
months on the amount of the shortfall. However, in the case of company assessee, leverage has
been provided as to the first 2 installments, falling due on 15th June & 15th September. A
concessional rate of 12% and 36% has been provided as against 15% and 45% respectively. In
case the companies does not pay even 12% or 36% as the case may be, interest u/s. 234C shall be
levied on the entire sum of advance tax payable based on 15% and 45% for the respective
installments of 15th June and 15th September.
(B) For other assessee, the existing pattern of calculation will apply as indicated below:
Where in any financial year the assessee who is liable to pay advance tax u/s. 208 has failed to
pay such tax or the advance tax paid by the assessee on his current income:-
(1) On or before 15th September is less than 30% of the tax due on the returned income;
(2) On or before 15th December is less than 60% of the tax due on the returned income, then the
assessee shall be liable to pay simple interest @ 1% per month on the shortfall for a period of 3
Months on the amount of such shortfall (i.e. 3%)
(C) Where the whole amount of advance tax paid by any assessee on or before 15th March is less
than the tax due on the income returned then the assessee shall be liable to pay simple interest @
1% on the amount of shortfall from the tax due on the returned income. This applies to
companies as well as to other assessees.
(D) If the short fall in the payment of the tax due on the returned income is on account of
underestimation or failure to estimate -
(1) Capital gains
(2) Winnings from lotteries, crossword puzzles, races (including horse races), card games and
any other activity in the nature of gambling, betting etc.,
and if the assessee has paid the amount of tax payable in respect of the above mentioned income
as part of the remaining installments of advance tax which are due or where no such installments
are due, by the 31st March of the financial year, no interest shall be leviable in respect of such
shortfall.
(E) “Tax due on the returned income” means the tax chargeable on the total income declared in
the return of income furnished by the assessee for the assessment year commencing on the 1st
day of April immediately following the financial year in which the advance tax is paid or payable
as reduced by the amount of tax deductible or collectible at source on any income which is
subject to such deduction or collection and which is taken into account in computing such total
income. (Explanation to Section 234C).

3. I feel the need to always be the center of attention and need confirmation from others on virtually
everything I do. This is my way of validating myself when I feel selfconscious about my decisions
and actions. Why do I yearn for this acceptance?
You are not alone and should be truly grateful that you are explicitly aware of this tendency. We are all
brainwashed into feeding and cultivating our egos. For example, someone says that we are wearing a
good tie and we feel pleased.
Recognise that every time you preen with pleasure when praised and slump with dejection when
criticised, you are a prisoner. You are letting someone else decide how you feel.
Resolve that you will not be a prisoner and that what persons say is a reflection of who they are and what
they feel at that particular time. If they say your tie is nice, then they simply happen to like that tie at that
time. It does not say anything about you and it does not say anything about the tie. The tie is simply a tie.
You tell stories to yourself like "They think my tie is nice, so they must feel I have good taste and they
think favourably of me and thus, I am more likely to be promoted if I keep dressing well." More often than
not these stories exist only in your head. Train yourself to let them go.
You do not need others' opinions to make yourself complete.
Coal Washery Description
Coal reject material or colliery spoil is a by-product of the coal preparation process and is mostly produced in
conjunction with the beneficiation of coking coal. Raw coal is washed to remove the high ash materials contained
within it when it is mined. The material producing ash includes: plies of non-carbonaceous or low carbonaceous
material within the coal seam; roof and floor material inadvertently mined with the coal; and dyke rocks that have
intruded into the coal seam. The generated quantity of coal washery reject in China divides evenly between South
and North – the two principal coal producing states. About 20% of the total coal washery reject is produced as tailings
and 80% as coarse coal reject.
Coal Washery Applications and Limitations
Coal washery process has been used successfully within unsealed road pavements and for haul roads at many
collieries. Coal washery plant has been used sparingly by the many cities in the China as a subbase material.
Subbase coal washery process is typically stabilised with cement in India.