234C and 144
Harsh (CA student) (157 Points)
06 March 2020
When assessment is made u/s 144, can interest u/s 234C be demanded?
1 Replies
Kapadia Pravin
(17259 Points)
Replied 07 March 2020
234C is interest on deferment of advance tax instalments. Since it is mandatory, it will be calculated based on tax liability worked out under 144 Assessment.
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