Interest for 44ad

This query is : Resolved

Guest

Guest (Querist)

07 September 2011 If an individual has salary income, house property income, bank interest and presumptive business income u/s 44AD, and has a tax of amounting greater than Rs.10,000. Will interest u/s 234B and 234C will be applicable?

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

07 September 2011 yes interest leviable.

Guest

Guest (Querist)

07 September 2011 Please explain, will presumptive income be included for calculating interest.

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

07 September 2011 Yes. Total tax payable is the creteria for determing interest payable and not what forms part of income.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Jayesh Pipalwa

Shailesh Singh

NILESH CHAVDA

vinay

tsrandcompany@gmail.com

Subscribe Now

Interest for 44ad

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Audit, Taxation & Compliance Executive

MIS Executive

U.S. Financial Reporting & Consolidation Manager

Accounts Associate

Account & Audit Asst

Account Executive

Sr. Financial Analyst - Consolidation

Accounts, Audit & Compliance Executive