Charging interest u/s. 234c
This query is : Open
12 July 2017
Respected Sir,
I want to know why Interest U/s. 234C for first 3 Quarters is charged for 3 month but for Q4 it charged only for 1 Month
If we consider that for Q1 section charges interest from April to June hence three months, then what is the period for Q4 for charging interest
Thanks
I want to know why Interest U/s. 234C for first 3 Quarters is charged for 3 month but for Q4 it charged only for 1 Month
If we consider that for Q1 section charges interest from April to June hence three months, then what is the period for Q4 for charging interest
Thanks
12 July 2017
Only for March interest is charged
13 July 2017
Sir,
Can you please explain in detail
Can you please explain in detail
13 July 2017
For shout payment interest will be paid at
15 Jun - Int @ 1% for 3 mth
15 Sep - Int @ 1% for 3 mth
15 Dec - Int @ 1% for 3 mth
15 Mar - Int @ 1% for 1 mth
15 July 2017
Sir thanks for your kind reply
but my query is still unsolved
I want to know why interest for Q4 is charged only for 1 month as compared to other quarter which is charged for 3 months , why for Q4 interest is not charged for 3 months
Thanks
but my query is still unsolved
I want to know why interest for Q4 is charged only for 1 month as compared to other quarter which is charged for 3 months , why for Q4 interest is not charged for 3 months
Thanks
16 July 2017
because interest u/s 234C is charged up to march every year, so in case of 4th adv thx payment int only for 1 mth is charged
16 July 2017
From April onwards Interest u/s 234B is charged
16 July 2017
And kindly note that it is 4th due date of payment of Advance Tax and not Q4
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