Interest Us 234A, 234B & 234C
This query is : Resolved
13 January 2009
Please Send me a details regarding Interest Calculation Above
please do the need ful
Is there is any excel chart for this will do for me
please do the need ful
Is there is any excel chart for this will do for me
13 January 2009
mail me your email id at tarun2507@gmail.com. I will send you the chart available to me.
13 January 2009
The provisions of all above sections (IT Act 1961) relates to the interest.
The Sec 234A relates to the interest leviable on the delay filing of return of Income by the the due date as defined u/s 139(1).
if any person fails to submit the ROI by the due date, then he has to be pay the above interest @ 1% simple interest payable per month for the period for which such default continues.
Sec 234B relates to the interest payable on the short payment og Advance Tax. if any assessee fails to pay the 90% of its assessed tax by 31st of March of the previous year to which such liability relates shall pay the above interest on the shortfall from the 1st day of AY to till the payment of Tax
234C This sec relates to the interest on deferement of the advance tax, if any assessee fails to pay the instalment of advance tax or pay short as required shall pay such interest @1% per month on such short fall
The Sec 234A relates to the interest leviable on the delay filing of return of Income by the the due date as defined u/s 139(1).
if any person fails to submit the ROI by the due date, then he has to be pay the above interest @ 1% simple interest payable per month for the period for which such default continues.
Sec 234B relates to the interest payable on the short payment og Advance Tax. if any assessee fails to pay the 90% of its assessed tax by 31st of March of the previous year to which such liability relates shall pay the above interest on the shortfall from the 1st day of AY to till the payment of Tax
234C This sec relates to the interest on deferement of the advance tax, if any assessee fails to pay the instalment of advance tax or pay short as required shall pay such interest @1% per month on such short fall
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
