Adv tax 234a ,b,c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2012
how it will effect on interest cal of the following case?
if adv tax is paid as on 15.03.2012 &
adv tax is paid as on 31.03.2012.
how much interest on quarter is payable u/s 234b &c? how much extent month extra int is required to pay?
if adv tax is paid as on 15.03.2012 &
adv tax is paid as on 31.03.2012.
how much interest on quarter is payable u/s 234b &c? how much extent month extra int is required to pay?
daya shankar singh
(Expert)
12 March 2012
The interest would be calculated from the next day of due date till the date of payment as per the prescribed rate
Yogesh Agarwal
(Expert)
12 March 2012
If Advance tax is paid after 15th March then interest liability u/s 234B may be reduced, however payment made after 15th March will not be considered for calculation of interest u/s 234C.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- 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
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
