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Advance tax interest calculation

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(Querist)
01 October 2010 If no advance tax has been paid by an individual assesee than interest would be levied both u/s 234B and 234C.Return has been duly filed.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 October 2010 Interest u/s 234B & 234C is leviable if advance tax has not been paid or has been paid but short paid.

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