234 b and 234c

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Querist : Anonymous (Querist)
09 August 2014 234b and 234c interst calculation over 60 years applicable

09 August 2014 Age is not a criteria to levy interest u/s 234A. Again if the said assessee has no income under the head 'income from business and profession' levy of interest u/s 234B and 234C will not attract.

09 August 2014 at present if your age is 60 and you have no business income then advance tax deposit not required from F Y 2012-13.
then no question of intt. u/s 234B and 234C


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