Menu
advance tax
if advance tax not paid quarterly but fully paid in march, what interest to be considered.
Replies (4)
penalty on 15% of assessed tax to be charged at 3% for first quarter
45% at 3% for second
& 75% at 3% for 3rd quarter
interest u/s. 234b will be levied as mentioned by Ms. ruchika
thank you to all
the section applicable is 234 c and not 234B since 234B is applicable only of assessee hasnot paid at least 90% of assessed tax till 15 the of March .
here assesse has paid full tax in March .So,234 B isnot applicable.
here assesse has paid full tax in March .So,234 B isnot applicable.
Recent Topic
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
Related Topics
CAclubindia
