Interest Calculation
This query is : Resolved
23 November 2010
Hi
Kindly send me the formulas for calculating interest u/s.234A, 234B and 234C of the Income Tax Act.
Thanks
Ilakya
Kindly send me the formulas for calculating interest u/s.234A, 234B and 234C of the Income Tax Act.
Thanks
Ilakya
23 November 2010
search in files section.
23 November 2010
234 A is applicable if the returns had been filed lately i.e after the due date of filing the returns
Tax amount including Surcharge if applicable & Education cess and after deductiond TDS & Advance tax & self assessment tax @1% for everymonth still the date of filing the returns
Tax amount including Surcharge if applicable & Education cess and after deductiond TDS & Advance tax & self assessment tax @1% for everymonth still the date of filing the returns
23 November 2010
Se 234 B will be applicale if the advance tax is paid less than 90 % of the net tax payable
It is calculated @ 1% per month on the net payable from end of the previous year to date of filing the returns
It is calculated @ 1% per month on the net payable from end of the previous year to date of filing the returns
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
