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Interest under section 234c
under this section, while computing the short fall of an installment against the the amount due, is the TDS reflecting in my 26AS a part of the advance tax which I can deduct while calculating the shortfall ??
Replies (3)
Yes, all TDS and advance tax should be deducted while calculating advance tax liability. And accordingly shortfall will be calculated after deducting all TDS and other advance tax payments.
Thank you for your answer Sir !!
Yes, you can deduct while calculating advance tax.
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