taxable income more than advance tax

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ankit (Querist)
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21 April 2011 if at the end of the year taxable income calculated is more tahn the advance tax paid than uotill when the rest amount can be paid and how..

thnx in advance
plz reply soon...

CA. Krishna K Neeraj

CA. Krishna K Neeraj (Expert)
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22 April 2011 If tax on taxable income is more than advance tax, it can be paid anytime before filing of ITR alongwith interest U/s 234B & 234C.

If it is paid after due date of filing ITR, in terest U/s 234A will also be required to be paid.

ankit

ankit (Querist)
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22 April 2011 if the remaining tax is paid before 31st march..then also is it required to charge interest as per sec 234??

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