234 b interest

This query is : Resolved

Guest

Guest (Querist)

05 March 2013 For the Assessment Year 2009-2010 no advance tax is paid so interest U/S 234 B is payable from 01/04/2009 to Date of Order.

I want to know that if rectified order is passed on 01/03/2013, So for how many months interest is payable?

Please advice.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 March 2013 assuming that the rectification order you are talking about is under 154, it should not change the 234B liability.

According to 234B, the interest payable from 1 April of the assessment year to the date of order 143(1).

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