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Applicability of Sec 234A 7B

Tax queries 1383 views 2 replies

Please let me that whether the interest u/s 234A & B will be applies to individual if the tax liability is less than Rs. 10000 after deduction of TDS.

Replies (2)

Interest under section 234A would be applied where return has been filed late or not filed by assessee and interest u/s 234B would be applied only in case where advance tax paid is less 90 of assessed tax liablity

So in ur case the interesst of 234A would be levied only.

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.


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