234B and 234C are not applicable to senior citizens
Kamlesh Dwivedi (3 Points)
06 April 2021
whether 234B and 234C are applicable to senior citizens or not.
Kamlesh Dwivedi (3 Points)
06 April 2021
Ankit Neema
(2742 Points)
Replied 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.
Kamlesh Dwivedi
(3 Points)
Replied 07 April 2021
Rabi Kar
(2 Points)
Replied 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.
R.marimuthu
(MANAGING DIRECTOR)
(32 Points)
Replied 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
JJJ
(Need help)
(673 Points)
Replied 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.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
