if a senior citizen having a business income which is exempt eg:- Share in profit from firm, will he/she be liable to pay Int u/s 234B & 234C?
Menu
Int u/s 234b & 234c for senior citizen
Replies (3)
Interest is payable only when Income tax is payable.
In your case it is exempt income & Income tax is payable so not Interest
| Originally posted by : Mohammed Sadriwala | ||
 |
if a senior citizen having a business income which is exempt eg:- Share in profit from firm, will he/she be liable to pay Int u/s 234B & 234C? |  |
But if we fill ITR-3 it calculates the Interest u/s 234B and 234C if the assessee only has exempt business income, why so?
/experts/interest-u-s-234a-234b-234c-for-senior-citizen-1347579.asp#.U5luVJSSxO0
Recent Topics :
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
Related Topics :
CAclubindia
