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Nand (service)     23 September 2021

Applicability of Advance tax for Senior Citizens and interest levied u/s 234B & 234C.

An Assessee became Senior Citizen during the year FY 2020-21.  Only for a part of the year he was in employment and retired.  TDS was deducted and remitted for I Qtr.   Thereafter, he has not remitted any Advance tax, as he is a Senior citizen having income from Salary, pension and interest.  However, one small payment was received as Professional fee during the FY for which TDS u/s 194JB was deducted and reflecting in AS26.  Had filed ITR 1. Now, on assessment, interest u/s 234B & 234C are levied. 

a. whether he is liable under the provisions to pay interest as levied 

b. whether the small amount received as prof service charges can trigger for the demand of Interest u/s 234B & C 

c. If not, what is the next course available to him ?  Pl clarify and advise.  


 3 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     24 September 2021

a. Yes, because of TDS u/s. 194Jb ..

b. Small or big is not the question here, the income is to be assessed u/h PGBP.

c. To be careful next time..


Nand (service)     24 September 2021

Thanks for your clarification.  Whether he can be advised to go for rectification or appeal ? pl advise.


Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     25 September 2021

No. need for rectification. Agree to the adjustment, & pay tax, if any additional tax liability arised.

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