234 A B C interest rates

Tax queries 1826 views 3 replies

Sandeep

in service

142 Points Joined October 2008

Dear All,

what is current rate of interest leviable under section 234 A, B and C at present. So for eg. if SA tax is to be paid at what rate these interest penalty will be levied.

please reply,

Thanks in advance.

Regards,

SAndeep

Replies (3)

Sunshine

Helping All

10575 Points Joined March 2010

1% pm.........

Devendra

Chartered Accountant

4780 Points Joined March 2009

Yes. It is 1% per month.

Regards,

Devendra

CA sonal

Job

128 Points Joined January 2009

if tax liability is less than 5000 and return filed after due date (31 st july) but before 31st march then interest u/s 234 A /B/ C will apply? i guess it will not.

rgds