Whether interest liable u/s 234b & 234c if return u/s 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2012
If a person filled his return u/s 44AD and filled return after due date and if tax liability is arrise Rs. 14000/-. Whether Interest u/s 234B & 234C liable to pay by person or not ?
28 February 2012
Interest U/s 234B and 234C is not applicable. In Case of 44AD income, Interest
U/s 234-A , will only be charged.
U/s 234-A , will only be charged.
Message likes :
1 times
28 February 2012
Advance tax concept not applicable to the Presumptive taxation(i.e 44AD 44AE Etc..) hence there is no question of interest under sec 243B And 234C
but the 234A is Applicable (i.e Interest for delay in filing the income tax return )
but the 234A is Applicable (i.e Interest for delay in filing the income tax return )
Message likes :
1 times
04 March 2012
234A will only be applicable
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Reprocessing of rectification order AY 2025-26
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
