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W ill interest u/s 234B and 234C be reversed.

ITR 286 views 5 replies

At the time of assesment certain TDS were not seen on 26AS.  so there was temporary shortfall in advance tax . Interest was levied u/s 234B and 234C  - total  rs  17500. 

After rectification of TDS retrun by my client , all TDS are seen.

I have requested for rectification. Will the interest of rs 17500 be reversed.????

 

Replies (5)

You can file your ITR as Revised Return if you file this on time. If not you ll be adjust in Next Filing.

Rectification - is it possible ?

Bcoz in one return additional  refund was given and additional interest on that refund was given.

 

You can wait for the notice. After you ll be claim...

I got very less refund due to 1) TDS not updated 2) interest u/s  234B 234C.

I have requested for Rectification. Let us see.

Yes. You can.
If you have rectification then you ll reply then also you get refund...
Good Luck...


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