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234 A B C interest rates

Tax queries 1848 views 3 replies

Dear All,

what is current rate of interest leviable under section 234 A, B and C at present. So for eg. if SA tax is to be paid at what rate these interest penalty will be levied.

please reply,

Thanks in advance.


Regards,

SAndeep

Replies (3)

1% pm.........

Yes. It is 1% per month.

 

Regards,

Devendra

Hi

if tax liability is less than 5000 and return filed after due date (31 st july) but before 31st march then interest u/s 234 A /B/ C will apply? i guess it will not. 

rgds


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