Applicability of section 234B
This query is : Resolved
11 July 2008
Will 234B be applicable if a assessee has shortfall in TDS deducted by more than Rs.5000. and he has not paid advance tax.
i.e TDS receivable 7000 and Tax of the assessee come to Rs 15000. will the TDS certificate amt be considered as advance tax u/s 234B.
i.e TDS receivable 7000 and Tax of the assessee come to Rs 15000. will the TDS certificate amt be considered as advance tax u/s 234B.
11 July 2008
It is well considered . advance tax is to be determined after considering the TDS receivable.
12 July 2008
Yes
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