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Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2012 dear experts,

when can we charge interest u/s 234A,234B & 234C & at what %.
kindly answer this quiery

thanks in advance

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2012 and for all kind of assesses

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

14 March 2012 234A will be charged for late filing of return and interest would be pay @1% p.m or part of the month upto date of filing of return on self-assessment tax payable. 234B will be charged for short or non payment of advance tax @1% on short payment of advance tax and 234C will be charged for irregular payments or not sufficient payment of advance tax with in due date prescribed for advance tax payment @1% on non payment of advance tax amount. Above said 1% is per month or part of the month.
OM SAI SRI SAI JAI JAI SAI

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