Whether interest liable u/s 234b & 234c if return u/s 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2012
If a person filled his return u/s 44AD and filled return after due date and if tax liability is arrise Rs. 14000/-. Whether Interest u/s 234B & 234C liable to pay by person or not ?
28 February 2012
Interest U/s 234B and 234C is not applicable. In Case of 44AD income, Interest
U/s 234-A , will only be charged.
U/s 234-A , will only be charged.
Message likes :
1 times
28 February 2012
Advance tax concept not applicable to the Presumptive taxation(i.e 44AD 44AE Etc..) hence there is no question of interest under sec 243B And 234C
but the 234A is Applicable (i.e Interest for delay in filing the income tax return )
but the 234A is Applicable (i.e Interest for delay in filing the income tax return )
Message likes :
1 times
04 March 2012
234A will only be applicable
Message likes :
1 times
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- TCS ON SOFTWARE SALES
- Income Type for interest from government bonds
- TDS RATE ON RENT PAID TO NRI
- Not a CA , can we prepare balance sheet
- Tax treatment of debt mutual funds
- SHARE TRANSFER PRIVATE LIMITED COMPANY
- Issue of gst e invoice
- Gstr 9 2023-24
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
