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S-44ad

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(Querist)
26 February 2013 There is an assessee who has filed his return of income in ITR - 4. He has income under IFOS, HP and business income u/s 44AD. Is interest u/s 234B/C applicable if the assessee has not paid any advance tax during the previous year.
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Ravikant

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Ravikant (Expert)
26 February 2013 Yes, Interest is to be Paid.
Only Section 28 to 43C do not apply to beneficiaries of Sec 44AD but all other sections apply.
Thanks.

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