Sec 44ad-applicability of advance tax payment provision
This query is : Resolved
07 November 2011
Dear Sir/madam,
An assessee(individual) who declared his income u/s 44AD. His tax liability come to more than Rs 10,000/-.
He filed his online return (ITR 4S) on 25-07-2011 (Due date 31-07-2011.
But as per intimation received u/s 143 by CPC he has to pay Interest u/s 234B & 234C
for non payment & under payment of advance tax.
Please suggest me whether he should pay the said interest or can file rectification of return?
An assessee(individual) who declared his income u/s 44AD. His tax liability come to more than Rs 10,000/-.
He filed his online return (ITR 4S) on 25-07-2011 (Due date 31-07-2011.
But as per intimation received u/s 143 by CPC he has to pay Interest u/s 234B & 234C
for non payment & under payment of advance tax.
Please suggest me whether he should pay the said interest or can file rectification of return?
07 November 2011
From the A.Y.2011-12 Liability to pay advance tax for the assessees who offers their income under section 44AD is exempted reply to the CPC with this content.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Relief u/s Section 89
- REGARDING SECTION 44AE
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
