Section 234b
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2015
Section 234B is related to Default in payment of Advance Tax. If your tax liability in a year exceed Rs.10000 then you need to pay Advance Tax.
Advance Tax means paying your tax dues based on the dates (usually quarterly) provided by the income tax department. If you don't pay advance tax, you may be liable to pay interest under section 234B.
Advance Tax means paying your tax dues based on the dates (usually quarterly) provided by the income tax department. If you don't pay advance tax, you may be liable to pay interest under section 234B.
Amol S Joglekar
(Expert)
30 November 2015
yes. What is the query? Or you want the confirmation of the same?
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