Section 234b and 234c

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24 Points Posted on 21 July 2014

my wife is a government school teacher.TDS effected monthly'booked to IT department account and 24Q filed by Salary disbursing autghority.100% tax effected as TDS.

But wgile filing ITR1 the systems says Interest is payable  u/s 234B and 234C.

she has no other income.

I hold the view that Section 234B and 234C shall not be effective in this case as  full amount of Income Tax payable has been effected as TDS ,remitted to IT dept under BOOK ENTRY by the Salary disbursing authority.

would you please clarify

with regards

smenoki @ gmail.com

 

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On 21 July 2014 at 17:42 Report
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239 Points Posted on 21 July 2014

Sir, you are absolutely correct no interest shall be payable as the whole tax amount has already been deducted as TDS. Once you fill the details of TDS, the interest amount shall automatically become 'NIL'

bidasaria_a @ yahoo.co.in

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On 21 July 2014 at 18:02

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