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
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- TDS on TRUST
- Renovation exp. in flat by family member
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- New GST registration for new place of business.
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
