Interest under section 234C
This query is : Resolved
21 March 2008
Is Interest u/s 234C is payable after the Financial year(PY 2005-06)End if somebody has not paid the Advance tax payable during the Previous Year 2005-06?
21 March 2008
Yes it will be on tax on assess income.
24 March 2008
If the advance Tax amount is excedding Rs.5000 then 234C interest is payable.
The amount payable is on Tax amount after reducing TDS deducted if any.
The amount payable is on Tax amount after reducing TDS deducted if any.
24 March 2008
144444444
24 March 2008
YES INTEREST U/S 234C SHALL BE PAYABLE
24 March 2008
will be payable but up to which date ?
25 March 2008
234 C IS chargeable only in that previous year. only upto that year.
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