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Interest u/s 234b & c.

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 January 2013 Dear Experts,
Explain me about the applicability of sec 234 B&C.whether assessee has to pay interest u/s 234 B&C if the Employer failed to deduct tax?
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Yogesh Agarwal

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Yogesh Agarwal (Expert)
08 January 2013 Yes the assessee is liable to pay tax with interest u/s 234B 234C if his tax amount payable exceeds the threshold limit for advance tax...
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