44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2014
Hi all,
in one of the explanation of sec 44AD i have read that, while applying presumptive income aseessee is exempted from payment of advance tax. now my query is, whether interest U/S 234 A/B/C will also be not applicable to him??
in one of the explanation of sec 44AD i have read that, while applying presumptive income aseessee is exempted from payment of advance tax. now my query is, whether interest U/S 234 A/B/C will also be not applicable to him??
20 February 2014
If the return is filed late, interest of 234A and 234B is applicable.
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