Sec 234a

This query is : Resolved 

01 January 2015 interest for section 234A is charged for late filing of ROI or late PAYMENT of advance tax liability...?? in some books I have read late roi but in some payment..??

01 January 2015 on late filing of roi

02 January 2015 Don't be confused
Section 234A is applicable if Assessee fails to submit his/her return of Income within time limits provided under section 139(1)

Section 234B is applicable if assessee fails to pay at least 90% of Advance Tax Liability on before last day of the financial year i.e. on 31st March

Section 234C is applicable if assessee made a default in paying Advance Taxes on before the due dates either by Non payment or by short payment as required to pay.


02 January 2015 Don't be confused
Section 234A is applicable if Assessee fails to submit his/her return of Income within time limits provided under section 139(1)

Section 234B is applicable if assessee fails to pay at least 90% of Advance Tax Liability on before last day of the financial year i.e. on 31st March

Section 234C is applicable if assessee made a default in paying Advance Taxes on before the due dates either by Non payment or by short payment as required to pay.



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