Enquiry regarding section 234c
This query is : Resolved
08 January 2017
ACCORDING TO IT ACT,1961 ELIGIBLE PERSONS HAVE TO ESTIMATE THEIR INCOME AND THEN PAY TAX IN 3/4 INSTALLMENTS ACCORDING TO HIS/HER STATUS. IF THERE IS ANY DEFERRMENT OR SHORT PAYMENT IN ANY INSTALLMENT, ASSESSSEE HAS TO PAY INTEREST ON THE SHORTFALL IN EACH INSTALLMENT.
SO I WANT TO KNOW THAT HOW WOULD INCOME TAX DEPARTMENT KNOW ABOUT OUR ESTIMATION?
PLEASE EXPLAIN IT TO ME IN DETAIL..
SO I WANT TO KNOW THAT HOW WOULD INCOME TAX DEPARTMENT KNOW ABOUT OUR ESTIMATION?
PLEASE EXPLAIN IT TO ME IN DETAIL..
08 January 2017
Based on taxable income declared by you in your tax return ,advance tax to be paid in 4 Installment first quarter 15% 2 nd quarter 45% 3rd quarter 75% and 4th quarter 100% of tax liability. If any short fall interest applicable u/s 234C.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
