Many Salaried Assessees are receiving Intimation under 143(1) with interest charged u/s 234(b) & (c) for the Assessment Year 2017-18. The Assessee didn't have income other than Salaries. The PSU, where they employed deduct TDS and pay to Revenue regularly. Under this situation how IT Authorities impose penalty under 234(b)&(c).
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Interest u/s 234(b) & (c)
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234 (b) incomplete payment of tax and 234 (c) delay in periodic payment of tax
salaried assesse is liable to pay advnace tax if tax payable amounts to 10000
salaried assesse is liable to pay advance tax if tax payable amounts to 10000
In all cases there was no liability and no refund. i.e. Nil Return. In some of the cases there were refunds adjusted against 234(b) & (c) and there was no income from other sources except salaries.
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