WHAT HAPPEN IF ADVANCE INCOME TAX NOT DEPOSITED
This query is : Resolved
12 December 2010
I WANT TO KNOW THAT WHAT HAPPEN IF ADVANCE INCOME TAX NOT DEPOSITED BY ANY LTD COMPANT
12 December 2010
Interest u/c 234C can be levied for shortfall in deposit of Advance tax.
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12 December 2010
Interest under sections 234B and C attracts.
Message likes :
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13 December 2010
Sec. 234b & 234C is attracted.
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.
If you liable to pay tax, then must be deposited to avoid the levy of interest u/s 234B & 234C.
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