Assessee Paid Advance Tax Installment on 19.12.2011 which was due to be paid on 15.12.2011.
Please Answer whether interest would be charged for 1 month or the entire period of 3 months...??
#Regards
HK Bansal
Menu
Interest u/s 234 c
Replies (5)
Interest will be charged for one month.
You will have to pay interest for the One Month.
Think it will be 3 months interest. Only if the shortfall occurs on 15th March and the same is made good by 31st March, interest will be for one month.
I agree with member.. 3 months
Thanks Dear friends.
I recd a confirmation msg from the deptt. that in such cases, interest is charged for full 3 months period.
And the payment so made is considered as Advance Tax for the subsequent installment.
# Thanks
Hk Bansal
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
