"A" has paid total prepaid tax Rs.1 crore including self assessment tax Rs.75 lakh.
After assessment, AO had not credited to the Assessee for Rs.75 lakh as self assessment tax in the computation sheet after 143(3).
My contention is that should audit overtax in the amount of Rs.75 lakh including 234B &234C.
Is interest applicable of 234B and 234C on the amount Rs.75 lakh?
Umesh
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Interest of 234b
Replies (2)
If self assessment tax of Rs. 75 already paid than there is no question of interest u/s 234B and 234C.
File rectification u/s 154 with AO to give credit of SA tax of Ram 75 lakh. So, eventually than interest also got removed after Credit of same
File rectification u/s 154 with AO to give credit of SA tax of Ram 75 lakh. So, eventually than interest also got removed after Credit of same
Thank you Nidhi ji
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