Section 234a And b
This query is : Resolved
17 August 2007
Hi
please tell me what is section 234B and 234B when and how its implement.
please tell me what is section 234B and 234B when and how its implement.
17 August 2007
Sec.234A applies where income tax return not filed in due time & interest payable @ 1% p.m till return filing date .
Sec.234B relating to Advance tax which comes in picture after 31 st march till payment date . Here interest also @1% p.m willbe applicable.
Sec.234B relating to Advance tax which comes in picture after 31 st march till payment date . Here interest also @1% p.m willbe applicable.
17 August 2007
Sec.234A applies where income tax return not filed in due time & interest payable @ 1% p.m from the due date till return filing date .
Sec.234B relating to Non Payment of Advance tax which comes in picture after 31 st march till payment date . Here interest also @1% p.m willbe applicable.
Calculation is different for Individual assesses and Corporate Assesses. U can refer any text book for this purpose.
Sec.234B relating to Non Payment of Advance tax which comes in picture after 31 st march till payment date . Here interest also @1% p.m willbe applicable.
Calculation is different for Individual assesses and Corporate Assesses. U can refer any text book for this purpose.
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