Assesse did not filed ROI u/s 139 inspite of having taxable income.
Case reopened u/ s 147.
Now while computing tax liabilty in reassessment proceedings, whether assessee will not be liable for 234C as he has not filed Roi u/s 139?
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Interest u/s 234C
Replies (3)
It's a debatable issue. as such according to the provisions of section 234c, interest should not be levied
When taxes are subject to advance tax Provisions and there is failure in payment of advance tax Instalments then interest will be charged under 234C in the present case.
On which amount interest to be calculated?
assessee has not filed roi at all and 234c has to be calculated on returned tax
assessee has not filed roi at all and 234c has to be calculated on returned tax
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