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interest is leviable on assessed income in case of senior citizens not deposited self assessment tax
Interest u/s 234B is leviable on assessed income in case of self assessment tax not deposited at the time of filing of return of income.
Replies (4)
Yes, the exemption is given only for advance tax till filing of return, not after that!
234B is not applicable to senior citizens if you don't have business income
True, but return gets defective if self assessment tax not paid before filing return.
1) Return doesn't get defective if tax not paid before filing of retrun (FA'16)
2) If SAT u/s 140A not paud before diling return then assessee in default provisions to apply sec 220 n 221
2) If SAT u/s 140A not paud before diling return then assessee in default provisions to apply sec 220 n 221
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