26 March 2013
Friends please tel me My company submitted return for the A Y 2011-12 ( F Y 2010-11) within due date .
company paid tax as per MAT U/s 115jb 29.09.2011 entire tax amount in a single payment without any payment of Advance tax etc..with out calculation of interest on that tax liability.
Is it company required to pay Interest U/S 234 B & C please suggest me .
Tax payable Rs. 244983/- including secondary & higher education cess
CAclubindia
