INTEREST LIABILITY


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Querist : Anonymous (Querist)
17 July 2010 MY INCOME TAX LIABILITY AFTER DEDUCTING TDS COMES TO RS 9500/- FOR AY 2010-11.

WHETHER ANY INTEREST LIABILITY U/S 234B AND 234C IS ATTRACTED WHILE PAYING 140A SELF ASSESSMENT TAX .

17 July 2010 Since the tax payable for the assessment year 2010-11 is less than Rs.10,000/- interest under section 234B ad C will not attract.

17 July 2010 The above is correct

17 July 2010 YES INTEREST WILL NOT BE APPLICABLE ON THE ABOVE CASE.


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