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WHAT HAPPEN IF ADVANCE INCOME TAX NOT DEPOSITED

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Prashant Kumar Gupta

Prashant Kumar Gupta (Querist)
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12 December 2010 I WANT TO KNOW THAT WHAT HAPPEN IF ADVANCE INCOME TAX NOT DEPOSITED BY ANY LTD COMPANT

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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12 December 2010 Interest u/c 234C can be levied for shortfall in deposit of Advance tax.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 December 2010 Interest under sections 234B and C attracts.

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Praveen Sharma

Praveen Sharma (Expert)
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13 December 2010 Sec. 234b & 234C is attracted.

RAJESH SHUKLA

RAJESH SHUKLA (Expert)
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01 February 2011 first, you should calculate the advance tax as per your receipts.

If you liable to pay tax, then must be deposited to avoid the levy of interest u/s 234B & 234C.

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