27 July 2012
WHAT IS THE INTEREST RATE TO BE CHARGED IF TAX PAYABLE IS MORE THAN 10,000/- ADVANCE TAX IS NOT PAID AND RETURN FILING IS AFTER DUE DATE WHAT IS THE INTEREST RATE TO BE CHARGED U/S 234ABC
27 July 2012
(In case of non corporate assessee) You will have to pay Interest under Sec 234A in case of Late filing of I T R @1% per month or part of the month. If advance Tax has not paid upto 31st March, Interest @ 1% per month or part of the month will have to pay. If you does not pay Tax as deferment i.e, 30% of the assessed Tax upto 15th September 60% of the assessed Tax upto 15th December 100% of the assessed Tax upto 15th March You will have to pay interest under sec 234C
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