income tax
This query is : Resolved
20 September 2008
please specify whether 234B and c applicable in the following case
tax liability 200000
tds 190000
there is no advance tax in this case
so please calculate total interest under that section
thanks and regards
SURENDRA REDDY C
tax liability 200000
tds 190000
there is no advance tax in this case
so please calculate total interest under that section
thanks and regards
SURENDRA REDDY C
20 September 2008
Since 90% of the tax has already been paid via TDS - there will not be interest applicable as per Section 234B
20 September 2008
THANKS FOR YOUR SUGGESTION
20 September 2008
But 234C will attract.
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