Interest on Tax U/s 115JB

This query is : Resolved

SRIKANTH (Querist)
Follow

18 September 2008 A company has Loss calcualted as per normal porvisions but Tax as per section 115JB.Does the provisions of Sec.234B&C apply in such a case.

Thank you

SRIKANTH

SRIKANTH (Querist)
Follow

18 September 2008 A company has Loss calcualted as per normal porvisions but Tax as per section 115JB.Does the provisions of Sec.234B&C apply in such a case.

Thank you

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

18 September 2008 YES .INTEREST PROVISIONS APPLY.

Late CA Sampat Jain

Late CA Sampat Jain (Expert)
Follow

18 September 2008 In case of section 115J cases - Interest is not leviable under sections 234B and 234C in the case of assessment of a company on the basis of book profits under section 115J - CIT v. Kwality Biscuits Ltd. [2006] 155 Taxman 658 (SC).

CA Pawan Goswami

CA Pawan Goswami (Expert)
Follow

18 September 2008 Yes, Sec. 234A/B/C will apply

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

19 September 2008 Sampat jain sab

Circular 13/2001 also says interest provision is applicable.

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

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

MANOJ DASH

efiletax

Sandeep Ranjan

CA Sunny Sharma

Aayushi Chauhan

Subscribe Now

Interest on Tax U/s 115JB

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA