Advance tax for company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 October 2011
IF A COMPANY PAID 13% OF THE ASSESSED TAX FOR 1st Installment.
is the company liable for the interest for deferment of advance tax u/s 234c
IF A COMPANY PAID 13% OF THE ASSESSED TAX FOR 1st Installment.
is the company liable for the interest for deferment of advance tax u/s 234c
17 October 2011
Not liable to pay interest since 13% is more than the prescribed minimum of 12% specified in section 234C(1)(a)(i).
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