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Income tax

Others 371 views 1 replies

ONE OF MY ASSESSEE HAS RECEIVED A SALARY OF RS 906000 FOR FY 2012-2013. THE AMOUNT OF SALARY WAS 
RECEIVED ONLY DURING THE MONTH OF JAN , FEB , MARCH AS THE CONTRACT OF EMPLOYMENT STATES THAT 
SERVICES WILL BE RENDERED ONLY DURING DEC 12 TO MARCH 2013.WHETHER PROVISION OF ADVANCE TAX WILL 
BE APPLICABLE IN THIS CASE AND INTEREST U/S 234 B , C WOULD BE LEVIED OR NOT. THE TAX AMOUNT OF 
RS 100000 HAS BEEN PAID ON 24/05/2013 AS SELF ASSESSMENT TAX.

Replies (1)

As per ection 208, he is liable to pay advance tax.

If the amout of advance tax is not paid with in the time prescribed the tax shall be paid with interest u/s 234 B / 234 C


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