Interest u/s 234c

In this case company has to pay the tax due on or before 31st March 2009 since the tax paid till last day of previous year will be regarded as advance tax. If company pays tax after 31st March 2009 then interest u/s 234C will be levied.

Thanks Ketan, 

Whether interest u/s 234C is levied for all the four quarters or only for 4th quarter as company received certificate of commencement of business in 4th quarter.

Interest will be levied for the fourth quarter since the company came into existence in fourth quarter. Also the liability to pay tax became due when incomce is earned so interest cannot be levied for first three quarters.

Dear ketan,

Can you provide me the  details of section/any case laws in which it is mentioned that interest is charged after obtaining certificate of commencement of business for supporting the above query.

Thanks in advance.