31 March 2010
I am a builder.I started my business of selling plots on 5-06-2008.However my 1st plot was sold on 22-02-09.from this date till the year end i sold many plots.on 15-06-2008,15-9-2008,15-12-2008 i did not paid any advance tax as it was difficult to estimate an income which will come after 9 months.i paid advance tax on 29-03-2009.i want to know whether i will be liable for interest under section 234c for deferment of advance tax on 15-06-08,15-09-08 and 15-12-08.I am a company.
CAclubindia
