234c , 234b,220(2) all together

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can 234b, 234c, 220(2) be applied all together for delayed payments of tax demand raised us 156?
Replies (5)
interest under section 234b is already calculated in notice of demand u/s 156.Interest u/s 234c cannot change even there is addition in assessment order, it remains the same what u calculated while filling return.
if u paid delayed payment of taxes then only interest u/s 220(2) is levied @ 1% from expiry of 30days of 156 till actual payment.
will interest us 234b and 234c will be applied for amount of tax demand us 156?
demand u/s 156 is already includes the interest y/s 234b and 234c.
check the computation sheet
ok ..thanks

Hi. 

 

Can you please let me know the base amount considered while calculating 220(2)? Is it the Tax due as per the order or is it the total amount indicated in the order? (tax+ 234 series interests?) 

 

Thanks much,

 

 


Regards

 


CCI Pro

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