U/s 234abc

This query is : Resolved 

06 April 2018 Under what circumstances Interest u/s 234ABC can be waived and who can waived the such penal interest

06 April 2018 refer http://www.cainindia.org/news/9_2010/reduction_or_waiver_of_interest_us_234a234b234c.html

06 April 2018 Interest u/s 234A will be levied when return filed after due date.

Interest u/s 234B levied when advance tax deposited is less than 90% of total tax.

Interest u/s 234C levied on non deposit of specified advance tax upto due date.

For more details refer below link:
https://taxguru.in/income-tax/interest-tax-payable-234a-234b-234c.html




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