Interest on TAX for Assessment Year 2008-09
This query is : Resolved
09 May 2008
Hi,
If somebody has paid 98% of his taxes as Advance tax but paid remaining 2% after 31 March. Does he need to pay interest on tax paid after 31 MARCH u/s 234B and 234C.
Thanks.
If somebody has paid 98% of his taxes as Advance tax but paid remaining 2% after 31 March. Does he need to pay interest on tax paid after 31 MARCH u/s 234B and 234C.
Thanks.
09 May 2008
interest is payble if total tax is paid below 90% u/s 234B & C in you case advance tax is paid 98% then interest on bal amount is not charged
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