banner_ad

Interest under sec.234a 234b and 234c

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 November 2013 Please Guide me in following Query..I Have Received Intimation under sec.143(1) and Demand Raised due to difference in Interest Calculation..now my query is that Tax paid on sep.2012 and Return filed on dec.2012 which is Belated Return to Guide me for Interest Calculation.under sec.234a 234b and 234c.Return is of A.Y.2012-13
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
29 November 2013 The late filing interest U/s 234A is levied by CPC from the due date of return to the date of filing by ignoring the fact that tax has been deposited in September.
.
Whereas U/s 234-B CPC may consider, the Tax deposited in September and can charge interest on shortfall, if any after Sep. 2012.
.
In case Income Tax amount has not been changed by the CPC, no further Interest U/s 234C becomes payable.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details