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Regarding Advance Tax

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(Querist)
17 December 2008 Dear Sir If A company Fail to Pay Advance Tax Installment of Dec on 15 Dec and Pays after 15 Dec is There any Penalty or We have to Just Pay the Interest u/s 234.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 December 2008 No penalty. Only interest need to pay.
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Ravikumar.G

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Ravikumar.G (Expert)
17 December 2008 Sec 234 will be attracted . No penalty.



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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
17 December 2008 Yes, no penalties. only interest will be added.

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