Interest U/s 234C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2009
Our taxable income was Rs.17,72,150/- and Tax comes to Rs.402,039/- and we paid advance tax 115,000/- and TDS deducted Rs.563,740/-.
Income Tax department has deducted interest U/s234C. Please explain.
Income Tax department has deducted interest U/s234C. Please explain.
17 December 2009
interest u/s 234C will not come in this case as the whole tax is paid by way of tds.
17 December 2009
I also agree with that If you Pay excess then IT in Advance tax + TDS.but I think IT Dept.has deduct interest on Calculation of Advance tax only.
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
- Cgst asmt - 10
- RELATED TO ITR OF POLITICAL PARTY
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- Charity work ISD
- TCS ON SCRAP SALE..
- PTEC-payment
- How to file form ITR-B Detailes manner as per rule 12AE income tax rules,1962
- Refund of accumulated ITC - Reg.
- Reduce fine on my company
- Property transferred from cousin through Gift
- Debit note in Gst
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- INCOME TAX QUERY FY25-26()\
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
