Int. u/s 234b & 234c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2013
Mr. A has income for A.Y 2011-12 as under
Income u/s 44AD 135499
Remuneration from firm 78537
Int. from firm 30536
Interest income 157638
Agriculture income 401193
Deduction u/s 80C 100000
80D 7500
Total tax rs. 29340 paid with int. u/s 234A as on 30/03/2012. Whether Interest U/s 234B & 234C applicable?
Income u/s 44AD 135499
Remuneration from firm 78537
Int. from firm 30536
Interest income 157638
Agriculture income 401193
Deduction u/s 80C 100000
80D 7500
Total tax rs. 29340 paid with int. u/s 234A as on 30/03/2012. Whether Interest U/s 234B & 234C applicable?
17 April 2013
Interest U/s 234B and 234C is not leviable as such interest has to be calculated only when, the tax liability- without considering 44AD income, exceeds Rs. 10000/-.
.
.
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Not able to file ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Annual return of gst limit
- 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
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
