Sec 44ad-applicability of advance tax payment provision

This query is : Resolved

Veerendra (Querist)
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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?

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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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.
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