Sec 234a
This query is : Resolved
Yatin Sharma
(Querist)
01 January 2015
interest for section 234A is charged for late filing of ROI or late PAYMENT of advance tax liability...??
in some books I have read late roi but in some payment..??
CA Kumar Mukesh
(Expert)
02 January 2015
Don't be confused
Section 234A is applicable if Assessee fails to submit his/her return of Income within time limits provided under section 139(1)
Section 234B is applicable if assessee fails to pay at least 90% of Advance Tax Liability on before last day of the financial year i.e. on 31st March
Section 234C is applicable if assessee made a default in paying Advance Taxes on before the due dates either by Non payment or by short payment as required to pay.
Section 234A is applicable if Assessee fails to submit his/her return of Income within time limits provided under section 139(1)
Section 234B is applicable if assessee fails to pay at least 90% of Advance Tax Liability on before last day of the financial year i.e. on 31st March
Section 234C is applicable if assessee made a default in paying Advance Taxes on before the due dates either by Non payment or by short payment as required to pay.
CA Kumar Mukesh
(Expert)
02 January 2015
Don't be confused
Section 234A is applicable if Assessee fails to submit his/her return of Income within time limits provided under section 139(1)
Section 234B is applicable if assessee fails to pay at least 90% of Advance Tax Liability on before last day of the financial year i.e. on 31st March
Section 234C is applicable if assessee made a default in paying Advance Taxes on before the due dates either by Non payment or by short payment as required to pay.
Section 234A is applicable if Assessee fails to submit his/her return of Income within time limits provided under section 139(1)
Section 234B is applicable if assessee fails to pay at least 90% of Advance Tax Liability on before last day of the financial year i.e. on 31st March
Section 234C is applicable if assessee made a default in paying Advance Taxes on before the due dates either by Non payment or by short payment as required to pay.
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