In this question, a statement is followed by two conclusions numbered I and II. You have to assume everything in the statement to be true and decide which of them logically follows beyond a reasonable doubt from the information given in the statement.
Statement - Due to changes in the application forms, the last date for payment of Income Tax has been extended by a month by the Finance Ministry. It can now be paid upto 30th September 2025 without any penalty for late payment.
Conclusion -
I. No interest will be charged on income tax payments that are made after 30th September 2025
II. No penalty will be charged for income tax payments that are made before 30th September 2025
In this question, a statement is followed by two conclusions numbered I and II. You have to assume everything in the statement to be true and decide which of them logically follows beyond a reasonable doubt from the information given in the statement.
Statement - Due to changes in the application forms, the last date for payment of Income Tax has been extended by a month by the Finance Ministry. It can now be paid upto 30th September 2025 without any penalty for late payment.
Conclusion -
I. No interest will be charged on income tax payments that are made after 30th September 2025
II. No penalty will be charged for income tax payments that are made before 30th September 2025
Solution
The statement indicates that the last date for payment without any penalty for late payment has been extended to September 30, 2025.
- Conclusion I: The statement only mentions penalty, not interest. Therefore, we cannot conclude anything about interest charges after September 30, 2025.
- Conclusion II: The statement explicitly states that payment can be made up to September 30, 2025, without any penalty for late payment. This implies that any payment made on or before this date will not incur a penalty. Thus, this conclusion logically follows.