Interest u/s 234B
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 January 2011
Hi all,
Please clarify that if an assessee having income from salary and his TDS being deducted on salary. He had not deposited Advance Tax and had late deposited his tax in any A.Yr.
what will be the tax treatment
Interest u/s to be levied on Total tax liability if no adv tax deposited upto the date of deposit of tax.
Or Else on Total Tax liability Less TDs deducted.
Thanks in advance
Please clarify that if an assessee having income from salary and his TDS being deducted on salary. He had not deposited Advance Tax and had late deposited his tax in any A.Yr.
what will be the tax treatment
Interest u/s to be levied on Total tax liability if no adv tax deposited upto the date of deposit of tax.
Or Else on Total Tax liability Less TDs deducted.
Thanks in advance
15 January 2011
total liabilities less TDS
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