S-44ad
This query is : Resolved
26 February 2013
There is an assessee who has filed his return of income in ITR - 4. He has income under IFOS, HP and business income u/s 44AD. Is interest u/s 234B/C applicable if the assessee has not paid any advance tax during the previous year.
26 February 2013
Yes, Interest is to be Paid.
Only Section 28 to 43C do not apply to beneficiaries of Sec 44AD but all other sections apply.
Thanks.
Only Section 28 to 43C do not apply to beneficiaries of Sec 44AD but all other sections apply.
Thanks.
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