Recently I got intimation of 143(1) and It shows Interest payable under section 234B and 234C, while net. tax liability after rebate of 87A and Relief u/s 89.
will it be correct to pay Interest.??
What happened finally for interest demand??
ALMOST 100 CASE HERE AS ABOVE DISCUSSED
CAN ANYONE CHECK THIS CASE
THEY CHARGED INTEREST U/S 234B AND C IN REFUND CASE
USER ID - AJKPV9100H
PASSWORD - 1980 @ anju
d.o.b- 07-12-1974
Dear Mr Tajbar,
1. Yes this seems improper on IT Dept part to charge interest on a refund case. Most probably an error in their calculator. I think they are considering the assessed income before accounting for the Relief under section 89. A written response should take care of this matter.
2. Please change the password you have shared asap. It is never a good idea to share username, password on public sites. They can be very easily misused.
Hope that helps
SIR
I AM SUBMIT GREIVIENCE .RESOLUTION FROM DEPT. IS THIS
Resolution given by IT Department is not right as the question of liability of advance tax arises only after allowing of Rebate,Relief and Prepaid tax as per provision of section 234B of IT Act, 1961.
T R SOOD & CO
New Delhi
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O P Bagla & Co LLP
New Delhi
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