Interest u/s 234B 234C
This query is : Resolved
18 May 2008
hi
There is a senior citizen whose tax liability is 54,160 Rs. He ONLY has Interest Income (Interest from fixed deposits). No Tds has been deducted on filing form 15h.
Is the senior citizen liable to pay advance tax?
Should Interest u/s 234B and 234C be also paid?
On what should Interest be paid?
Thanksing you
hi
There is a senior citizen whose tax liability is 54,160 Rs. He ONLY has Interest Income (Interest from fixed deposits). No Tds has been deducted on filing form 15h.
Is the senior citizen liable to pay advance tax?
Should Interest u/s 234B and 234C be also paid?
On what should Interest be paid?
Thanksing you
18 May 2008
yes, advance tax is payable.
if not paid, interest shall be paid.
if not paid, interest shall be paid.
21 May 2008
Liable for advance tax as well as interest.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Article ship defecit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
