19 September 2011
sir,iam women(below65)assesse.have prop.business & covered in Tax audit for the yr 31.3.2011(A.Y.11-12)My net taxable Incomr is Rs.481830/. i have not paid Any ADV TAX OR ANY PREPAID TAXES AS TODAY HOW MUCH I HAVE TO PAY I-TAX? & ALL INTERST sec 234 a b c & any penlty? reply soon thanks
Your tax liability, as per data furnished by you, is Rs. 30060 (before tax u/s 234A,B,C).
I will recommend you to pay Rs. 33,000 as lump sum payment. Let the IT Dept calculate the interest liability and force the Dept to issue to an intimation, determining your tax liability along with interest.
If any further query, you can mail me to sachindjain@gmail.com
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