loss from business & profession amt of RS. (177564)
book profit u/s115jb 21120
+ cess 3% 634
Total comes to 21754
DOUBT :-
Whether section 234b & 234 c aplicable?????????????????????
loss from business & profession amt of RS. (177564)
book profit u/s115jb 21120
+ cess 3% 634
Total comes to 21754
DOUBT :-
Whether section 234b & 234 c aplicable?????????????????????
Yes.assessee is liable for payment of advance tax and thus for interest on late deposit
234b & c are applicable when adance tax payment is required. so in your case both are applicable,
but if your business fall under 44AD and profit declere >+8%, then though tax exceeds Rs. 10000/-, no need to pay any advance tax.
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