Advance tax applicability
This query is : Resolved
06 August 2018
Sir,
Please let me know if advance tax calculation is to be done after deduction of relief u/s 89(1) or before the same.
My client have been charges interest u/s 234B for short payment of Advance tax. department has charges interest u/s 234B before taking into account the relief u/s 89(1).
Please clear if department is right or we can challenge this.
Please let me know if advance tax calculation is to be done after deduction of relief u/s 89(1) or before the same.
My client have been charges interest u/s 234B for short payment of Advance tax. department has charges interest u/s 234B before taking into account the relief u/s 89(1).
Please clear if department is right or we can challenge this.
06 August 2018
Please note that Relief under Section 89 is available only when your
06 August 2018
89(1) relief cannot be counted for computing advance tax.
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