Sir i am a central govt employee salaried ,i have no other income other than salary but in 2015 -16 itr i found that 234 b and 234 c interest has been levied .how can i proceed without knowing the reason for the penalty ......can i ask for rectification ,.....please answer
234 b and 234 c
Replies (2)
There could be chances of some portion of your income, which is credited in your 26AS but the same not disclosed in the ITR which you filed. For instance, some Fixed Deposit made by you, fetching interest income but the same not being reflected in your return as income from other sources. The department at the time of assessment would have got to know this income and levied interest under section 234B and 234C.
Please do check the provisions of advance tax i.e. whether any tax payment after TDS is there which exceeds Rs.10,000. Please do confirm:
Whether any self assessment tax paid while filing the return of income and if self assessment tax paid, than whether it exceeds Rs.10,000
CA. Chandan Sharma
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