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
Sandeep (in service) (142 Points)
30 December 2010Dear 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
Devendra
(Chartered Accountant)
(4775 Points)
Replied 30 December 2010
Yes. It is 1% per month.
Regards,
Devendra
CA sonal
(Job)
(128 Points)
Replied 02 January 2011
Hi
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