234 b is calculated till the date of order or filling of roi
Querist : Anonymous
Suppose
I filled my return for AY 2008-09 on 30th Sep'09. it was selected for scrutiny and then i went for Appeals and at last i received Assessment order.
so for calculation of 234B Which date should i Consider... >>
Querist : Anonymous
.2016 ????
Interest under section 234B is levied in following two cases:
a) When the taxpayer has failed to pay advance tax though he is liable to pay
advance tax; or
b) Where the advance tax paid by the taxpayer is less than 90% of the assessed tax
(meaning of assessed tax is discussed later).
Interest under section 234B is levied on the amount of unpaid advance tax. If there is a
shortfall in payment of advance tax, then interest is levied on the amount by which
advance tax is short paid.the amount of tax as determined under section 143(1) and where regular assessment is made, the tax on total income as determined under such regular assessment as reduced by tax deducted/collected at source, relief/deduction of tax
[As amended by Finance Act, 2015] claimed under various sections like sections 90/90A/91 and tax credit claimed under section 115JAA/115JD.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
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Pl reconsider you observation. Query is based on 234B.
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