calculation under 234 ABC
This query is : Resolved
sanjay rastogi
(Querist)
10 April 2010
My father's taxable income is 401,193 and his tax liability comes to 27,026.
He has deposited an advance tax as follows :
September - NIL
December - 15,450
March - 10,506
How do we calculate 234 A B C.??
How much tax needs to be deposited on 15th April including 234 A B C?? Thanks in anticipation
He has deposited an advance tax as follows :
September - NIL
December - 15,450
March - 10,506
How do we calculate 234 A B C.??
How much tax needs to be deposited on 15th April including 234 A B C?? Thanks in anticipation
Aditya Maheshwari
(Expert)
11 April 2010
You can use the interest calculator from here and calculate.
Here is the link
https://www.caclubindia.com/forum/calculate-interest-u-s-234a-b-amp-c-77966.asp
Here is the link
https://www.caclubindia.com/forum/calculate-interest-u-s-234a-b-amp-c-77966.asp
Ghanshyam T Jha
(Expert)
11 April 2010
Interest U/s 234A will not be applicable if you file return by due date, 234B also not applicable as you have deposited advance tax more than 90% of Tax payable, only Interest Rs. 277 u/s 234C will be payable.
So you have to pay Self Assessment Tax Rs.1350 (Including above Interest Rs.277)
So you have to pay Self Assessment Tax Rs.1350 (Including above Interest Rs.277)
CA Prashant Gupta
(Expert)
11 April 2010
agree with Mr. Jha
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