Interest u/s 234 a,b,c

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 December 2013 if return is filed for the f.y. 2010-2011 on payable basis and business belongs to u/s 44AE Business then interest on u/s 234A,B,C is applicable or not and also suggested which date is covered in calculation for u/s 234A,B,C

24 December 2013 yes it is applicable. Unlike 44AD, no specific exemption is provided for 44AE.


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