EASYOFFICE

Advance tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 July 2013 I want to know how interest on non payment of advance tax is calculated.
Suppose assessee has a final tax liability of Rs 20 lakhs & he has not paid a single rupee as advance tax. so how interest will be calculated?
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
23 July 2013 It will be 1% simple interest per montn in each section .Sec.234B & Sec.234C calculator are there in files section. you can download and use

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links