banner_ad

Interest on income tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 September 2014 Sir,

Please Solve My Query

1] One My Clints Propritor Filing ITR A.Y 2013-14 (F.Y 2012-13) Today 01.09.2014 Tax Payable Rs.12000/- no Advance Tax Paid Please ask me how many rs.of Interest & total liability U/S 234A,234B, & 234C

Please Suggest me
Profile Image

TKKKKKK

Profile Image

TKKKKKK (Expert)
01 September 2014 Interest u/s 234A = 240

Interest u/s 234B = 720

Interest u/s 234C = 372
Profile Image

Sopan Dattatray Pingale

Profile Image

Sopan Dattatray Pingale (Querist)
02 September 2014 Sir,

Please explain to me please check
1]234A-Late by 2 Month Aug & sept 12000x1%x2 month=240/-

2]234B-Minimum 90% payment in Adv.but no.Adv.charges for April-Sept=6 month
12000x1%x6month=720/-

3]234C-

a]30% adv.3600x1%x3month=108/-

b]60% adv.7200x1%x3month=216/-

c]100% adv.12000x1%x1 month=120/-

Total 234C (a+b+c)=444/- but your calculate=372 please explian & suggest to me my mistake


please reply
Profile Image

TKKKKKK

Profile Image

TKKKKKK (Expert)
02 September 2014 Yes, IN 234C , I have made totaling mistake. Your calculation is right. Interest u/s 234C will be 444. Go ahead.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


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


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details