Assessee Paid Advance Tax Installment on 19.12.2011 which was due to be paid on 15.12.2011.
Please Answer whether interest would be charged for 1 month or the entire period of 3 months...??
#Regards
HK Bansal
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Interest u/s 234 c
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Interest will be charged for one month.
You will have to pay interest for the One Month.
Think it will be 3 months interest. Only if the shortfall occurs on 15th March and the same is made good by 31st March, interest will be for one month.
Thanks Dear friends.
I recd a confirmation msg from the deptt. that in such cases, interest is charged for full 3 months period.
And the payment so made is considered as Advance Tax for the subsequent installment.
# Thanks
Hk Bansal
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