234B and 234C are not applicable to senior citizens

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3 Points Posted on 06 April 2021
whether 234B and 234C are applicable to senior citizens or not.
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On 06 April 2021 at 17:05 Report
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This discussion clarifies the applicability of advance tax provisions (Sections 234B and 234C) to senior citizens. Generally, these sections do not apply to senior citizens with non-business income. However, if a senior citizen has business income, these provisions are attracted. There's confusion regarding the new e-filing portal automatically calculating interest for senior citizens, even when they are typically exempt from advance tax payments.

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2742 Points Posted on 06 April 2021

The provision of Section 234b and 234C does not apply to senior citizen having income other than business. If they have Business income then provision attracted.

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On 06 April 2021 at 17:38
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3 Points Posted on 07 April 2021
Whether it is mentioned in the Act or some Board circular has been issued
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On 07 April 2021 at 13:22
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721 Points Posted on 10 April 2021
Read section for advance tax liability
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On 10 April 2021 at 14:52
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32 Points Posted on 11 April 2021
I agree with Ankit
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On 11 April 2021 at 21:40
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2 Points Posted on 21 September 2021

Can any one clarify: When senior citizens are exempted from paying advance income tax, why the new e-filing portal is adding interest on balance tax to be paid as self assessment tax now and that too within the extended due date of filing.

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On 21 September 2021 at 19:19
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2 Points Posted on 04 November 2021

Having same problem LIKE RABI KAR PL CLARIFY YB

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On 04 November 2021 at 14:53
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MANAGING DIRECTOR
32 Points Posted on 20 December 2021

i am also having same problem the system automatically calculated 234b and 234c interest for senior citizens

 

We can not alter the field.what we will do any body can guide me

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On 20 December 2021 at 12:53
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Need help
695 Points Posted on 20 December 2021

My understanding is that interest starts accruing after the original due date of 31 July.

They only extended the date of filing the returns (because of their own incompetence and continuing disaster that is Infosys) but payment dates were not changed.

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On 20 December 2021 at 13:09

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