Sec 234
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 September 2011
How to calculate int u/s 234 a ,b and c with example
Tushar Desai
(Expert)
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
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
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