Sec 234b

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 February 2013 i have received demand notice dtd 27.2.10 for ay 08-09 under sec 143(1)wherein a demand of 2191/- under sec 234b has been made.
my total tax liability was 126178
tds deducted was 94725
self assessment tax 29000 in 28/7
so liability under 234b works out as

126178-94725=31453
31453*1%*4=1258

pl advise whether my calculation is right or 2191/- calculated by it.

please help

Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 February 2013 can u tell when the assessment order was passed?

if i am not wrong the interest is payable from 1 April of the assessment year to the month of determination of assessed tax.

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2013 this is for assessment year 2008-09 and the intimation is dated 27-2-10