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234c , 234b,220(2) all together

Mohammed Waseem (30 Points)

09 June 2019

can 234b, 234c, 220(2) be applied all together for delayed payments of tax demand raised us 156?

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5 Replies

Girish Lohani (27 Points)
Replied 09 June 2019

interest under section 234b is already calculated in notice of demand u/s 156.Interest u/s 234c cannot change even there is addition in assessment order, it remains the same what u calculated while filling return.
if u paid delayed payment of taxes then only interest u/s 220(2) is levied @ 1% from expiry of 30days of 156 till actual payment.

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Mohammed Waseem (30 Points)
Replied 09 June 2019

will interest us 234b and 234c will be applied for amount of tax demand us 156?

1 Like

Girish Lohani (27 Points)
Replied 09 June 2019

demand u/s 156 is already includes the interest y/s 234b and 234c.
check the computation sheet

Mohammed Waseem (30 Points)
Replied 09 June 2019

ok ..thanks

anando ham (2 Points)
Replied 29 January 2021

Hi.

Can you please let me know the base amount considered while calculating 220(2)? Is it the Tax due as per the order or is it the total amount indicated in the order? (tax+ 234 series interests?)

Thanks much,

Regards