Penalty on non payment of advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2016
Dear All
if an assessee is liable to pay Advance tax but fails to pay advance tax. Pls clarify weather panelty can be levied other then intetest u/s 234B & 234C if so how much and under which section,
Regards
Anil Jain
if an assessee is liable to pay Advance tax but fails to pay advance tax. Pls clarify weather panelty can be levied other then intetest u/s 234B & 234C if so how much and under which section,
Regards
Anil Jain
18 November 2016
Penalty can't be imposed.
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