Advance tax
This query is : Resolved
16 July 2014
sir,
a person having income from salary and income from other sources.whether section 234B and 234c will apply or not?
a person having income from salary and income from other sources.whether section 234B and 234c will apply or not?
16 July 2014
234B & C applicable on Advance Tax.
Advance Tax - If assessee tax liability exceeds Rs. 10,000/- for the year.
So in ur case if the Tax Liability exceeds Rs. 10K and there is default in payment of Advance Tax then interest will b applicable u/s 234B and 234C.
Advance Tax - If assessee tax liability exceeds Rs. 10,000/- for the year.
So in ur case if the Tax Liability exceeds Rs. 10K and there is default in payment of Advance Tax then interest will b applicable u/s 234B and 234C.
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