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234 sec of i.t.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2010 Dear sir/madam

My query is related to sec 234 B & C. Previously if the assessee's tax crossed limit of Rs.5000/- we will calculate int U/s 234 B & C. Now what is the limit. Is it revised if so effective from which financial year / Assessment Year.
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srinath

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srinath (Expert)
18 July 2010 It is increased to Rs. 10,000/- wef from AY 2010-11

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