Advance tax
This query is : Resolved
09 October 2014
Dear Experts,
How to calculate Intt on Adv tax u/s 234B 234C including 44AD Income because it is not applicable in 44AD Income.
Here is the situation:-
Salary Income - 438000
Income u/s 44AD - 512000
Deduction u/s 80c - 100000
Interest u/s 234B and 234C - ???
"Thanks in Advance"
How to calculate Intt on Adv tax u/s 234B 234C including 44AD Income because it is not applicable in 44AD Income.
Here is the situation:-
Salary Income - 438000
Income u/s 44AD - 512000
Deduction u/s 80c - 100000
Interest u/s 234B and 234C - ???
"Thanks in Advance"
09 October 2014
INTEREST CALCULATION U/S 234A
Period of Default(Aug 1,2014-Oct 9, 2014)
3 x 1% x 103000 = 3090
INTEREST CALCULATION U/S 234B
Period of Default(Apr 1,2014-Oct 9, 2014)
7 x 1% x 40900 (40958) = 2863
INTEREST CALCULATION U/S 234C
Ist : 3 x 1% x 12200 (12287 (40958 X30%))=366
IInd : 3 x 1% x 24500 (24575 (40958 X 60%))=735
IIIrd : 1 x 1% x 40900 (40958 (40958 X 100%))=409
Period of Default(Aug 1,2014-Oct 9, 2014)
3 x 1% x 103000 = 3090
INTEREST CALCULATION U/S 234B
Period of Default(Apr 1,2014-Oct 9, 2014)
7 x 1% x 40900 (40958) = 2863
INTEREST CALCULATION U/S 234C
Ist : 3 x 1% x 12200 (12287 (40958 X30%))=366
IInd : 3 x 1% x 24500 (24575 (40958 X 60%))=735
IIIrd : 1 x 1% x 40900 (40958 (40958 X 100%))=409
Message likes :
1 times
10 October 2014
can u pls explain that how u calculate tax of Rs. 40958.
and i forgot to mention AY its AY 2013-14
and i forgot to mention AY its AY 2013-14
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
