How to calculate interest u/s 234b, 234c
This query is : Resolved
25 August 2011
Dear,
I had a query. I am filing ITR 4 online in prescribed excel sheet. But there is difference b/w my excel sheet and automatic interest calculated by that sheet. I had download some sheets from caclub india but there calculation of interest is same as of mine. So please help me how to gap that difference. urgent
I had a query. I am filing ITR 4 online in prescribed excel sheet. But there is difference b/w my excel sheet and automatic interest calculated by that sheet. I had download some sheets from caclub india but there calculation of interest is same as of mine. So please help me how to gap that difference. urgent
25 August 2011
IF you are sure that your working is correct than u can modify ITR 4 interest cell and put correct amount. Recheck your TDS, advance tax and self assessment date.
25 August 2011
234B:
1. Check whether TDS & Advance Tax have been deducted from the tax liability.
Balance Tax Payable is say 33298.
Check Whether it has been taken by you
as 33,300 or 33,200. 33,200 will be correct.
33200*5*.01
.
234C
While taking 30% 60% 100% each time you have to take the following formula to get
Integral value at 100.
Suppose in -F45 cell 24985 is the figure.
Use the formula
@Int(F45/100)*100*......
1. Check whether TDS & Advance Tax have been deducted from the tax liability.
Balance Tax Payable is say 33298.
Check Whether it has been taken by you
as 33,300 or 33,200. 33,200 will be correct.
33200*5*.01
.
234C
While taking 30% 60% 100% each time you have to take the following formula to get
Integral value at 100.
Suppose in -F45 cell 24985 is the figure.
Use the formula
@Int(F45/100)*100*......
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
