Interest u/s 234b and 234c
This query is : Resolved
20 June 2014
is there any provision like no interest u/s 234c and 234b in case of senior citizens
from 2012
Nikhil Kaushik
(Expert)
20 June 2014
yes under section 207(2) provided the senior citizen has no business income.
Rupesh Jain
(Expert)
20 June 2014
for senior citizen no requirement of pay advance tax. hence no intt will charge on 234b & 234c.
24 June 2014
yes provided he doesnt have any business income in that year.
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