44ad
This query is : Resolved
02 April 2012
AS I KNOW THAT PERSON OPTING FOR 44AD DOES NOT REQUIRED TO PAY ADVANCE TAX.
SO IS THAT TRUE THAT HE IS ALSO NOT REQUIRED TO PAY INTEREST U/S 234B & 234C.
SO IS THAT TRUE THAT HE IS ALSO NOT REQUIRED TO PAY INTEREST U/S 234B & 234C.
04 April 2012
Since the provisions of advance tax are NOT applicable to assessees covered u/s 44AD, interest u/s 234B and 234C shall NOT be levied.
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