Reg Advance tax
This query is : Resolved
10 August 2010
For Calculation Interest u/s 234b for individuals precisely salary persons, whether TDS upto 30th sep, 31th Dec to be considered or FULL TDS to be considered.
10 August 2010
Interest is payable when An assessee who has paid Advance tax but the amount of advance tax is less than 90% of the assessed tax.
Interest is payable on Assessed tax less Advance Tax.
Advance tax = Any Advance tax paid + Tax Deducted at source during previous year.
Rate:
Simple Interest @1% per month for each month or part of the month.
Interest is payable on Assessed tax less Advance Tax.
Advance tax = Any Advance tax paid + Tax Deducted at source during previous year.
Rate:
Simple Interest @1% per month for each month or part of the month.
10 August 2010
Full TDS will be considered
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- GST ISD Query on various AMCs
- ITR 44AD SECTION
- Missed TDS
- Rent claimed on building given on permissive possession basis
- F&O reporting in ITR
- Correction in TDS return New Traces Portal
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
