tax calculation u/s 234 B & 234C

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2011 TAX PAYABLE AS PER MAT 4,882,213.00
TAX PAYABLE AS PER COMPANIES ACT 2,191,267.00

NO ADVANCE TAX PAID DURING THE WHOLE FINANCIAL YEAR.

WHAT WILL BE TAX LIABILITY U/S 234 B & 234 C.

KINDLY REPLY.

THANKS & REGARDS.

SATYAM

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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10 July 2011 IN THIS CASE TAX WOULD BE PAYABLE UNDER MAT
AS PER Jt. CIT v. Rolta India Ltd. (2011) 37 (I) ITCL 267 (SC) WHEN TAX IS PAYABLE UNDER MAT THEN INTT UNDER SECTION 234B AND 234C IS CHARGEABLE
TREAT 4882213 AS TAX PAYABLE AND CALCULATE LIAB UNDER SECTION 234B AND 234C

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