Waiver of interest under sec 234b and 234c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 February 2013
Does the assessing officer have any powers to waive off interest liability arising under sec 234 b and c?
has there been any precedence of such waivers?
Thanking in advance
has there been any precedence of such waivers?
Thanking in advance
23 February 2013
The reduction or waiver of interest liability under 234A, 234B and 234C is dealt under a CBDT notification issued on 26 June 2006 - Direct Tax Order No. 400-29-2002 dated 26 June 2006
You may refer to the same for further information.
As a heads up - the assessee is required to file return and pay off the dues before claiming for such reduction or waiver.
You may refer to the same for further information.
As a heads up - the assessee is required to file return and pay off the dues before claiming for such reduction or waiver.
23 February 2013
CBDT directed vide order dt 2 June 1994 that a return changed due to order of court, appeal revision of provision, assessment order than interest u/s 234A, 234B and 234C can be waived by the Chief commissioner/Director General subject to condistions:
1 relevant income is disclosed
2 tax to such income has been paid
1 relevant income is disclosed
2 tax to such income has been paid
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
