Interest under 234b

This query is : Resolved

Querist : Anonymous

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 ?

Rupesh Jain

Rupesh Jain (Expert)
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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.

Querist : Anonymous

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?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

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

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