Poonawalla fincorps
Poonawalla fincorps

Interest u/s 234b and 234c

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(Querist)
20 June 2014 is there any provision like no interest u/s 234c and 234b in case of senior citizens from 2012
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 June 2014 yes under section 207(2) provided the senior citizen has no business income.
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Rupesh Jain

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Rupesh Jain (Expert)
20 June 2014 for senior citizen no requirement of pay advance tax. hence no intt will charge on 234b & 234c.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 June 2014 yes provided he doesnt have any business income in that year.

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