234C

Tax queries 1463 views 15 replies

WHICH ANSWER IS CORRECT 

Answer 1  OR

Answer 2

 

(A.Y.2011-12)
 
 
 
TOTAL INCOME
 
654960
 
Tax   Rs:
 
64992
 
Edu Cess Rs:
 
1950
 
Total Tax Rs:
 
66942
 
TDS   Rs:
 
35654
 
 
 
 
 
Tax Deducted at source u/s 192(1)
 
 
 
14/06/2010
2643
 
 
14/07/2010
4445
 
 
14/010/2010
4094
 
 
14/11/2010
4151
 
 
14/12/2010
4031
 
 
14/01/2010
5482
 
 
14/02/2011
5870
 
 
31/03/2011
4938
35654
 
 
 
 
 
ANSWER 1
 
 
 
Interest under section 234C
 
 
 
Tax Payable 
 
66942
 
Less: TDS    
 
35654
 
Assessed Tax 
 
31288
 
30% of Assessed Tax
9386.4
 
 
Less: Adv.Taxes Paid on or before Sep15 2010
0
9386
282
 
 
 
 
60% of Assessed Tax
18773
 
 
Less: Adv.Taxes Paid on or before Dec15 2010
0
18773
563
 
 
 
 
100% of Assessed Tax
31288
 
 
Less: Adv. Taxes Paid on or before Mar15 2011
0
31288
313
Interest under section 234C
 
 
1158
 
 
 
 
ANSWER 2
 
 
 
Interest under section 234C
 
 
 
Tax Payable 
 
66942
 
Less: TDS    
 
35654
 
Assessed Tax 
 
31288
 
30% of Assessed Tax
9386
 
 
Taxes Paid on or before Sep15 2010
7088
2298
69
 
 
 
 
60% of Assessed Tax
18773
 
 
Taxes Paid on or before Dec15 2010
12276
6496.8
195
 
 
 
 
100% of Assessed Tax
31288
 
 
Taxes Paid on or before Mar15 2011
11352
19936
199
Interest under section 234C
 
 
463
Replies (15)

Answer 2 is correct

Answer 1 is correct, as the assesee did not paid any advance tax, but the TDS figures are reflected as advance tax in answer 2, TDS is not to be treated as advance tax, as advance tax liability is calculated only after decuction of TDS 

Agreed with U S Sharma...

Answer 1 is correct...



Find here attached file....

Answer no. 1 is 100% correct

Answer 1 is correct

.Answer 1 is correct...

answer 1 is correct

Originally posted by : U S Sharma

Answer 1 is correct, as the assesee did not paid any advance tax, but the TDS figures are reflected as advance tax in answer 2, TDS is not to be treated as advance tax, as advance tax liability is calculated only after decuction of TDS 

Originally posted by : U S Sharma

Answer 1 is correct, as the assesee did not paid any advance tax, but the TDS figures are reflected as advance tax in answer 2, TDS is not to be treated as advance tax, as advance tax liability is calculated only after decuction of TDS 

I agree with U S Sharma.

Answer 1is correct.

ANSWER 1 IS CORRECT YAR.

Answer 1 is correct.

Originally posted by : U S Sharma

Answer 1 is correct, as the assesee did not paid any advance tax, but the TDS figures are reflected as advance tax in answer 2, TDS is not to be treated as advance tax, as advance tax liability is calculated only after decuction of TDS 
Originally posted by : U S Sharma

Answer 1 is correct, as the assesee did not paid any advance tax, but the TDS figures are reflected as advance tax in answer 2, TDS is not to be treated as advance tax, as advance tax liability is calculated only after decuction of TDS 

agree...


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