Section 234c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 April 2015 Dear expert
if two days delay in paying advance tax. which section is to be attract for interest whether 234B or 234C.

please clarify

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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04 April 2015 For delay in payment of advance tax by two days generally Section 234C gets attracted.
.
However, if the date of payment crosses the financial year, 234B also comes into action.
.

Querist : Anonymous

Querist : Anonymous (Querist)

04 April 2015 Dear paras sir.
thank for you reply. but also tell me what will be interest percentage as per u/s 234C

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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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04 April 2015 The rate of Interest is 1% per month for the period of three months. It comes out to be 3%.

Querist : Anonymous

Querist : Anonymous (Querist)

10 April 2015 Dear sir
the bank has deducted my 20% TDS on FDR, please tell me should i provide MY pan no. to the bank and ask the bank to revised the TDS return. and is there any procedure to claim the TDS amount with out revised the revised the return by bank, please tell me the complete procedure to claim the TDS

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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10 April 2015 Yes, Provide your PAN Card's photo copy.
Request the bank to revise the TDS return.
.