Interest u/s 234 b & c
This query is : Resolved
03 March 2014
Hi friends
plz solve my problem
we are submitted return for the A Y 2013-14 as on 31.07.2013.
in that return we have few mistakes .
now the revised return is required to pay Rs 51,897/-.
No advance tax payments and self assessment tax for that year
plz calculate interest on that tax liability on Rs. 51,897/-
we will pay that tax liability in march'14.
Thank you
plz solve my problem
we are submitted return for the A Y 2013-14 as on 31.07.2013.
in that return we have few mistakes .
now the revised return is required to pay Rs 51,897/-.
No advance tax payments and self assessment tax for that year
plz calculate interest on that tax liability on Rs. 51,897/-
we will pay that tax liability in march'14.
Thank you
Chinay Solanki
(Expert)
04 March 2014
Int u/s 234b 6228, u/s 234C 1920
04 March 2014
Obey the Expert CA Chinay sir. But one more information. If the above told assessee is "of the age of sixty years or more at any time during the previous year and does not have any income chargeable under the head "Profits and gains of business or profession" then he is not required to make advance tax.
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