Interest payable on income tax liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2014
My tax liability for the AY 14-15 is Rs 4160/- after TDS. Is any interest is payable on it. If yes, what is the rate of interest and how period is calculated? And if no,what is amount which is exempted from interest ?
Thanks
Thanks
CA Tejas Mistry
(Expert)
17 July 2014
No interest payable on the liability less then Rs 10,000/- during the year.....
So in your case interest is not payable......
So in your case interest is not payable......
Message likes :
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17 July 2014
no int is applicable in this case................
Message likes :
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