pls calculate interest u/s 234 A, B & C.
This query is : Resolved
16 October 2008
My ( Individual) Tax amount in the A.Y. 2008-09 is Rs. 202/-. in the month of october i am planning to file my return. so pls caculate interest amount u/s 234A B & C of income tax act 1961.
Vikash
Vikash
16 October 2008
Pl furnish the following to answer the issue:-
1)Due date of filing of your return.
2)Tax due on your total income.
3)Advance tax payment details.
4)TDS details.
1)Due date of filing of your return.
2)Tax due on your total income.
3)Advance tax payment details.
4)TDS details.
16 October 2008
Since the amount due is less than Rs.5000, interest u/s 234B & C will not apply. You will have to pay interest u/s 234A @1.50% p.m. for each month of delay in filing
16 October 2008
Is it 1.5% or 1% per month.
17 October 2008
It is 1% per month
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?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- Confusion around Form 26QB fields
- 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
Trending Online Classes
CAclubindia
