Cpc charging interest u/ s 234 b and c on 44ad income
This query is : Resolved
27 October 2015
I have recieved 143(1) showing demand. on verification i found that they have levied interest for non payment of advance tax, however i have shown business income under section 44AD.
27 October 2015
Check whether you have any other sources of income other than the profit declared U/s 44 AD.Pl throw more light on the incomes filed. If return is filed U/s44 AD profit with no other incomes , Interest on Advance tax is not levianle
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