Adjustment of excess advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2013
excess advance tax paid over actual tax liability can we use dis excess part for 234c interest payment
03 July 2013
Yes. Excess advance tax excess payment can be used for payment of interest u/s 234A/234B/234C.
But when advance tax paid is excess over actual liability, interest u/s 234C will not be applicable. 234C is 'Interest for deferment of advance tax'. But in your case your advance tax payment is in excess of actual tax liability. So in your case there will be refund.
But when advance tax paid is excess over actual liability, interest u/s 234C will not be applicable. 234C is 'Interest for deferment of advance tax'. But in your case your advance tax payment is in excess of actual tax liability. So in your case there will be refund.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- TAX AUDIT ON PROFESSIONAL INCOME
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
