234b/c

Tax queries 433 views 2 replies

For the purpose of calculation of interest u/s 234B & 234C,it has been mentioned that interest will be calculated

from the due date i.e 1.4.2010 (A.Y 2010-11) to the date of determination of Income U/S 143(1)

I am facing problem of finding this date,

whether this date should be 30.9.2010 (A.Y 2010-11)

or

date of order U/S 143(1) (if the date of order u/s 143(1) is 24.8.2012)

so in this case the date of determination of income would be  30.9.2010 or 24.8.2012 (whatever  be the answer please give the reason for the same)
please sort out this problem as soon as possible.

Replies (2)

Due Date must be date of payment of Tax      not 24.08.2012 .

Calculation of interest u/s 234B shall be done from 01.04.2010 to 24.08.2012.

 

Date of intimation u/s 234C shall not be effected by the date of intimation u/s 143(1).

 

- Ruben Balooni


CCI Pro

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