Interest under 234b&c

Hi,

Tax payable for individual for Ay 2011-12 is 10854.  TDS deducted by employer is 10854 which as follows.

On 30th Sept 2010       -  1000

On 30th Nov 2010 --        1500

On 31st Dec 2010 --        1500

On 31st jan 2011-             2000

On 28th Feb 2011 -           2000

On 31st March 2011 ----Rs.2854.

Department has issued intimation under section 143(1) demanding interest under section 234B & C of 1250.  Whether interest is applicable for this.

 

Replies (2)
Interest under section 234A &B is applicable only if there is short pmnt of adv tax net of tds. In the given case total tax liabilities have bn deducted, hence no question of interest. File the ratification us 154.

234ABC not applicable.

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