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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.

12 December 2010 Interest under sections 234B and C attracts.

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.


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