234 c ITR1

varun (Asst. Surveyor) (36 Points)

26 March 2010

Dear Sir/madam

in fin yr. 2007-08 my company cut 10846/- TDS

I filed ITR1 as per for 16 provided by company

Now (26/03/10) I have received a letter dt 12/2/10 from IT Dept to pay 350/- under u/s 234 C

What is that?

Why my company has not deducted that in TDS only?

How much should I pay Today?

After paying tax do I need to file revised return?

Pls guide me

Thanks

Varun

Reply
Follow
Share

2 Replies

C.Balaji (Learner) (1867 Points)
Replied 29 March 2010

Dear Sir....

234 C is for Deferrement of Advance Tax...........

In ur case i dont think any interest arise since the entire amount is deducted as TDS....

If ur want more clarification please provide more details regarding ur salary income and other income if any......

Sunil Liladhar Kotak (Manager (F & A)) (2025 Points)
Replied 29 March 2010

Do agree with Mr. Balaji

there should not be any int. u/s 234C if u have declared all yur income to your company & the company has paid the same to the goverment on time.

just check out on these.

& if posssible write a letter to the assing officer clarifying your position

Start a New Discussion