234-B and 234-C
This query is : Resolved
09 June 2011
My Client business is covered u/s 44AD for the Asst Year 2011-12. He is liabile to pay Income-tax Rs.20000/- under this scheme for the above said Asst Year 2011-12. Whether interest u/s 234-B & 234-C will be attracted or not! An assessee opting for the above scheme shall be exempted from payment of advance tax related to such business.
09 June 2011
As 234B and 234C are related with Advance Tax Payments, and Provisions contained in Chapter XVII-C RELATED WITH ADVANCE TAX are not made applicable by Section 44AD,
There is no need to pay interest U/s 234B and 234C of the Act in case timely Return is being filed. For belated Returns also only Section 234A would be applicable.
There is no need to pay interest U/s 234B and 234C of the Act in case timely Return is being filed. For belated Returns also only Section 234A would be applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Rent lease agreement
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST ON DAMAGED GOODS
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG FOR GOLD ETFs
- Loan by Partnership Firm
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
