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Interest under 234b

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 July 2014 I have received a compliance for the AY 2010-2011 for which my total tax due was found to be 22000 after deducting TDS.No advance tax was paid. Under 234 B will I need to pay 1% interest on the due tax from april 2010 till date ?
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Rupesh Jain

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Rupesh Jain (Expert)
03 July 2014 for f y 2009-10 intt for advance tax if demand recd from the deptt then you hacve tot pay. otherwise deptt. already settle the intt demand with your refund for F Y after 2010-11.
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 July 2014 But what if I do not have any refund. In that case do I pay the full interest from 1st April 2010 till July 2014?
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
01 August 2024 https://docs.google.com/document/d/1NAigaW2pEUouyM4f9JuPajgO6O8_k1SclB_Kd01hN6k/edit?usp=sharing
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