05 December 2016
Hello Experts Sir I have return file ITR 4 A.Y 16-17 on 05.08.2016 & paid income tax Rs 57250 after deduction 80C I am Prop of Trading Co. But I have received Intimation u/s 143(1) & making a demand of Rs 5075/-(For Advance tax Interest) 1. For Default in Payment of Advance Payment (Section 234B = 2958 2. For Deferment of Advance Tax (Section 234C) =2117 2958+2117=5075 Please Clarify this notice & Matter of Advance Tax (Calculation of 5075) What i do for payment of 5075 or Not
06 December 2016
Since Tax Liability exceeds INR 10,000, advance tax is applicable. Please pay the demanded amount online and file necessary response online.
CAclubindia
