Interest u/s 234B

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2011 Hi all,

Please clarify that if an assessee having income from salary and his TDS being deducted on salary. He had not deposited Advance Tax and had late deposited his tax in any A.Yr.
what will be the tax treatment
Interest u/s to be levied on Total tax liability if no adv tax deposited upto the date of deposit of tax.

Or Else on Total Tax liability Less TDs deducted.

Thanks in advance

C.A.Javid Patel

C.A.Javid Patel (Expert)
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15 January 2011 total liabilities less TDS