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Intt. u/s 234A if TDS & Advance Tax exceed Tax on Re. Income

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25 March 2010 Dear Sir,
Plz tell me how to calculate Intt. u/s 234A in case of TDS & Advance Tax paid by the assessee is more than the tax on returned Income.

Thanks in advance
Shammi

25 March 2010 if no tax liability then no interest liability u/s 234A

25 March 2010 agree


25 March 2010 Sce 234A is applicable if Tax as assessed by ITO is more than the Tax paid by way of TDS & Advance tax. It is calculated for period from Date of filing return of income till the date of assessment order is passed & taxes are passed.



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