Interest is Corona CBDT

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Tax Consultant
267 Points Posted on 25 October 2021

Dear Mitron,

I m a practising Tax consultant in Mumbai, I have finalised BalanceSheet of 1 of my life. Shock of my life is when i calculated the IT online in IT calculator it shows interest under 234B & C for F.Y. 2020-21. Already the entire country, world is under the deep impact of Corona and we are facing Nightmare of 234B & C courtesy CBDT Bharat Sarkar. I strongly condemn (Nishedh) this thing!!!

I think the Govt must seriously think about 'thoking' interest to the citizens in such a killing pandemic. The Govt cant be so harsh, merciless. Yes we have right to speak this. The whole is watching how everyone is suffering. U cant be so mean with "Taxpayers"!! U r not indirectly but Directly killing the Taxpayers!! Jai Hind. 

  

 

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On 25 October 2021 at 13:14 Report
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Quick Summary
A tax consultant expresses strong disapproval of the CBDT's decision to charge interest under sections 234B and 234C for FY 2020-21, especially during the COVID-19 pandemic. They argue that the government should be more lenient with taxpayers facing unprecedented hardship. Other users chime in, discussing the specific thresholds for interest calculation and whether payments were made before the due date.

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SEO Sai Gr. Hosp.
121404 Points Posted on 27 October 2021

Check properly, it is not calculated, unless the liability is over 1 lakh.

If using online utility, try offline. We do not find any such difficulties.

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On 27 October 2021 at 16:35
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Tax Consultant
267 Points Posted on 27 October 2021

So what ?? 1L is too small limit, they know maximum taxpayers have liability over 1 L.  

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On 27 October 2021 at 17:56
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Tax Consultant
267 Points Posted on 27 October 2021

@ Rambhia, U dont find any such difficulties means even if the liability is above 1L they dont charge u Interest??

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On 27 October 2021 at 17:58
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SEO Sai Gr. Hosp.
121404 Points Posted on 27 October 2021

No. It was announced earlier, so we had already paid the amount before due date, no interest liability over our customers..

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On 27 October 2021 at 18:04
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Tax Consultant
267 Points Posted on 28 October 2021

I dont say that Govt should give benefit, but atleast during such pandemic Govt have to consider.

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On 28 October 2021 at 11:45
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SEO Sai Gr. Hosp.
121404 Points Posted on 28 October 2021

Yes Dear, I agree with you.       

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On 28 October 2021 at 16:48
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Tax Consultant
267 Points Posted on 30 October 2021

Dhanyavad Sir ...... Ye pure desh ki samasya hai. Jai Hind!!!

1 Reply
On 30 October 2021 at 21:15

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