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Advance tax

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(Querist)
06 July 2013 Eg. If assessee has total tax payable of Rs.1,23,500 & he has not paid any advance tax but as he earned income TDS has been properly deducted by the deductor then in this situation whether any Advance tax penalty will be leavied on assessee?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 July 2013 Int will be leived under sec 234.
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Tushar

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Tushar (Querist)
06 July 2013 Deductor has deducted entire amount of Rs.123500 deducted as TDS, then in this situation also int will be leived or not
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 July 2013 If adv tax is to paid after taken into a/c the total income for the year if u dont have other income in current scenario then no int payable.
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CA Manish

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CA Manish (Expert)
23 October 2013 For more details please read the article at below link

https://www.caclubindia.com/articles/short-note-on-concept-of-advance-tax-15859.asp#.UmeQrVOONGM
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