banner_ad

INTEREST U/S 234A, B & C

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 September 2009 If individual salaried Assesse is liable to pay income tax Rs. 63063 and till today he is not submitting income tax return. whether he is liable to pay interest or not ?
how calculation of Interest u/s 234a,b,c made ?

please replay..

Thanks in Advance.
Profile Image

CA SANJAY MUKHERJEE

Profile Image

CA SANJAY MUKHERJEE (Expert)
25 September 2009 If any assesee fails to submit return within due date and has any tax payable he has to pay interest under sec 234(A).

If his tax exceeds Rs 5000 and had not paid at least 90% of that within the financial year/previous year he has to pay tax under section 234(B) and for not confirming the time schedule of advance tax one has to pay interest under section 234(c). In your case interest is payable under all the 3 sections.

Please see https://www.caclubindia.com/share_files/files_display.asp?files_id=15823

for detailed calculation
Profile Image

Ratan Sharma

Profile Image

Ratan Sharma (Expert)
26 September 2009 Agree with expert.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details