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.
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
- CAPITAL GAIN REDEVELOPED FLAT
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Short Term Gain Reporting ITR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Missed TDS
- Loss of interest in PF transfer from EPFO to Trust
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
