Income tax

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Querist : Anonymous

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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

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2012 and for all kind of assesses

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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