Section 234 a/b/c

This query is : Resolved

Naveen Arora (Querist)
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14 August 2015 I was working with company 1 till October 2014 and from November 2014 till date with company 2. The combined income of 2 companies has resulted in tax liability. Do I need to pay interest on tax due as there is divided opinion - whether salary income is considered for levying of interest under section 234 A/B/C.

Request for advise asap as last date is approaching.

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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14 August 2015 You should have furnished the income details to the New company.

Need to pay applicable interest U/s 234 B and 234 C.

If you pay final tax on or before the due of filing of ROI , no need to pay interest u/s 234A.

This will be applicable even for salary income.

Naveen Arora

Naveen Arora (Querist)
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27 August 2015 Thank you so much Dileep.

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