Sec 234

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

07 September 2011 How to calculate int u/s 234 a ,b and c with example

Tushar Desai

Tushar Desai (Expert)
Follow

07 September 2011 1% monthly interest on due balance...

For exa: XYZ has annual tax liability of 20k.

Thus, he must pay 3000/- by 15th June
6000/- by 15th Sept
12000/- by 15th Dec
20000/- by 15th Mar

Any mismatched amount means ... start calculating 1% monthly on that amount

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok