Demand u/s 1431a

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brijesh agnihotri (Querist)
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08 September 2014 a senior citizen having income from business& proff. (ay 13-14)under 44ad is rs 474000 and salary income rs.120000, house prop. income is 54600 & also income from other sources is rs.59705. my question is whether assessee had to pay advance tax or not and interest u/s 234B,C

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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08 September 2014 According to section 44AD(4)provisions of chapter XVIIC relating to advance tax are not applicable in case of income declared u/s 44AD. Therefore no interest can be levied u/s 234B and C.

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