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Interest u/s 234 a, b & c

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(Querist)
22 March 2014 My query is whether Sec. 234 A, B & C will be applicable to Senior Citizens? Please Answer with Reasons.

Thanks in Advance
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
22 March 2014 Above sections as mentioned by you is irrespective of age of assessee. Interest under those sections may be levied if conditions mentioned therein gets fulfilled.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 March 2014 234B and 234C will not apply for a 'resident' senior citizen who does not have income from 'profits and gains of business or profession'.
This is as a corollary to section 207(1) w.e.f assessment year 2012-13.
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