Friends,
My understanding is that if there is refund at the ITR filing stage ie assessed tax is negative then there is no interest liability under section 234B and 234C.
Is it correct.
Regards,
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234b and 234c -- assessed tax
Replies (1)
Yes u r correct if its because of TDS, if advance tax is not deposited as per the dates then there can still be 234C. 234B wont arise in any case
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