Interest under sec 234 abc


This query is : Resolved 

(Querist)
15 December 2012 Dear sir or madam/

My name is kumar.iam pursuing company secretary final.here my doubt is my net Tax Payable amount is 573297/ (including TDS deduction,Education cess and SHEC).under section 234A,B,C.please determine the tax for 30/09/2012.Please explain above sections.

V K Bajaj (Expert)
16 December 2012 Mr Sane

Please give the net tax liability after TDS.

Interest under section 234A, 234B and 234C is calculated on net tax (after TDS and any amount paid in cash with dates)liability.

Section 234A covers the interest @ 1% per month on the amount of tax payable for the months of delayed filing of I. Tax Return.

Section 234B covers the interest from 1st April to month of payment.

Section 234A is related to belated payment of advance tax.


contact@vkbajaj.co.in

Kumar Nayudu (Querist)
16 December 2012 Thank you sir.i will message you later


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