Whether interest liable u/s 234b & 234c if return u/s 44ad

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Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2012 If a person filled his return u/s 44AD and filled return after due date and if tax liability is arrise Rs. 14000/-. Whether Interest u/s 234B & 234C liable to pay by person or not ?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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28 February 2012 Interest U/s 234B and 234C is not applicable. In Case of 44AD income, Interest
U/s 234-A , will only be charged.

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CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)
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28 February 2012 Advance tax concept not applicable to the Presumptive taxation(i.e 44AD 44AE Etc..) hence there is no question of interest under sec 243B And 234C
but the 234A is Applicable (i.e Interest for delay in filing the income tax return )

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