Hello Experts,
I have a Query in Relation to Calculation of Interest Under Section 234 B . While Computing Assessed Tax for the purpose of Calculation of Interest under section 234B whether we need to add Interest under Section 234C also.
Menu
Calculation of interest under section 234 b
Replies (2)
Normally C is also applicable with B but its case specific else it would not have been seperate
NO. All interest under the Income tax is simple interest only. However, in case payment of tax is made in instalments, payment will be first appropriated towards the interest caluclated under 234C, 234 B and 234A in that order and balance only will be appropriated towards tax payable.
Recent Topics :
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
Related Topics :
CAclubindia
