CA Practice
41 Points
Posted on 23 June 2010
Sec 234A deals with Interest for filing return after due date.
Sec 234B deals with default in payment of Advance Tax.
If the tax liability after TDS is Less than Rs. 10000/- then for A.Y. 10-11 the individual will not be laible for Payment of advance tax and so Sec 234B will not be applicable.
Whereas if return pertains to A.Y.09-10 then the return will be filed after due date so Sec 234A will be applicable.For A.Y.10-11 the due date is 31st July.So Sec 234A will not be applicable provided return filed within due date.