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Querist : Anonymous

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Querist : Anonymous (Querist)
19 February 2014 Hi all,
in one of the explanation of sec 44AD i have read that, while applying presumptive income aseessee is exempted from payment of advance tax. now my query is, whether interest U/S 234 A/B/C will also be not applicable to him??
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AVTAR SINGH

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AVTAR SINGH (Expert)
20 February 2014 If the return is filed late, interest of 234A and 234B is applicable.

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