Waiver of interest u/s 234 b & c

This query is : Resolved

Jignesh Desai (Querist)
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11 July 2013 One Assessee has Tax to be paid of Rs. 10912 & TDS paid is 6671 . Will Interest have to be calculated u/s 234 b & c ?

When can interest u/s 234 a,b & c be waived off or reduced ?

Anil Sankar V

Anil Sankar V (Expert)
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12 July 2013 sec.234A ,B & c -not applicable, below 10000

V K Bajaj

V K Bajaj (Expert)
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12 July 2013 There is no rule to reduce or waive off but to pay.

Fill up the excel sheet utility and click on calculate tax. You will get the amount of Interest etc. to pay.

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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24 August 2013 Yes you have to calculate the interest under the sections as referred by you.

The interest can be waived by the CCIT on application to be made by you and you have to justify why the interest should be waived.