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WHAT HAPPEN IF ADVANCE INCOME TAX NOT DEPOSITED

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(Querist)
12 December 2010 I WANT TO KNOW THAT WHAT HAPPEN IF ADVANCE INCOME TAX NOT DEPOSITED BY ANY LTD COMPANT
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
12 December 2010 Interest u/c 234C can be levied for shortfall in deposit of Advance tax.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
12 December 2010 Interest under sections 234B and C attracts.
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Praveen Sharma

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Praveen Sharma (Expert)
13 December 2010 Sec. 234b & 234C is attracted.
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RAJESH SHUKLA

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RAJESH SHUKLA (Expert)
01 February 2011 first, you should calculate the advance tax as per your receipts.

If you liable to pay tax, then must be deposited to avoid the levy of interest u/s 234B & 234C.

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