advance tax paid in June, Dec and march which is greater than the tax payable as on 31st march
what will be 234B and 234 C?
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Income tax
Replies (1)
No 234B interest
But 234C interest 3 months @ 1% p.m. for Sept 15 instalment .
If advance tax payment is less then 15% 45% 75% and balance 25% respectively for first second third forth Instalment interest under 234C to the extent of short payments @ three months (for last instalment short payment for one month)
But 234C interest 3 months @ 1% p.m. for Sept 15 instalment .
If advance tax payment is less then 15% 45% 75% and balance 25% respectively for first second third forth Instalment interest under 234C to the extent of short payments @ three months (for last instalment short payment for one month)
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