Interest Calculation U/s A, B, C
This query is : Resolved
30 October 2009
If Advance tax not paid and return not filed on or before due date. In that case what would be calculation base for Interest u/s 234 a,b,c
Please revert with example ( For F.Y.2008.09 )
Thanks,
Prashant
Please revert with example ( For F.Y.2008.09 )
Thanks,
Prashant
CA SANJAY MUKHERJEE
(Expert)
30 October 2009
https://www.caclubindia.com/share_files/files_display.asp?files_id=10982
BALASUBRAMANYA B N
(Expert)
30 October 2009
If you not filed with in due date then 234A will come
ex:
if tax liability 5 and more then that 234 B C will come..
now if tax liability
6000
234 A=6000*1% every month still you pay the tax amount, its starts after due date.
234 B C it will calculated from april still you pay the tax liability 1% every month..
ex:
if tax liability 5 and more then that 234 B C will come..
now if tax liability
6000
234 A=6000*1% every month still you pay the tax amount, its starts after due date.
234 B C it will calculated from april still you pay the tax liability 1% every month..
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