234B & 234C IS APPLICABLE TO SALARIED ASSESSEE?....IF YES, IN ACT WHERE IT IS GIVEN?....PLSSS REPLY
jatin ravaria (ARTICLE & CA FINAL) (143 Points)
29 July 2011234B & 234C IS APPLICABLE TO SALARIED ASSESSEE?....IF YES, IN ACT WHERE IT IS GIVEN?....PLSSS REPLY
CA J.Alamelu lakshmi
(Chartered Accountant)
(852 Points)
Replied 29 July 2011
Interest u/s 234B and C relates to all asseess liable for advance tax who ve not paid, short paid . Although in the case of salary, it is the duty of the employer to deduct Tax at source yet the employee is NOT absolved of not deduction by employer. In case of non/ lower deduction by employer, the assessee is supposed to pay advance tax.
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