tax calculation u/s 234 B & 234C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2011
TAX PAYABLE AS PER MAT 4,882,213.00
TAX PAYABLE AS PER COMPANIES ACT 2,191,267.00
NO ADVANCE TAX PAID DURING THE WHOLE FINANCIAL YEAR.
WHAT WILL BE TAX LIABILITY U/S 234 B & 234 C.
KINDLY REPLY.
THANKS & REGARDS.
SATYAM
TAX PAYABLE AS PER COMPANIES ACT 2,191,267.00
NO ADVANCE TAX PAID DURING THE WHOLE FINANCIAL YEAR.
WHAT WILL BE TAX LIABILITY U/S 234 B & 234 C.
KINDLY REPLY.
THANKS & REGARDS.
SATYAM
CA MANOJ GUPTA
(Expert)
10 July 2011
IN THIS CASE TAX WOULD BE PAYABLE UNDER MAT
AS PER Jt. CIT v. Rolta India Ltd. (2011) 37 (I) ITCL 267 (SC) WHEN TAX IS PAYABLE UNDER MAT THEN INTT UNDER SECTION 234B AND 234C IS CHARGEABLE
TREAT 4882213 AS TAX PAYABLE AND CALCULATE LIAB UNDER SECTION 234B AND 234C
CA MANOJ GUPTA
JODHPUR
09828510543
AS PER Jt. CIT v. Rolta India Ltd. (2011) 37 (I) ITCL 267 (SC) WHEN TAX IS PAYABLE UNDER MAT THEN INTT UNDER SECTION 234B AND 234C IS CHARGEABLE
TREAT 4882213 AS TAX PAYABLE AND CALCULATE LIAB UNDER SECTION 234B AND 234C
CA MANOJ GUPTA
JODHPUR
09828510543
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