Dear CA Club ,
While filing ITR1 this year , I observed additional interest components u/s 234B and 234C being charged when we add FD interest income .
When 10% TDS is already deducted by bank while paying out interest and deposited the tax with govt , am curious to understand where might be the delay has happened ( as these 2 sections clearly says delay in tax deposits ) ) Is it due to any potential delay in tax deposits by banks itself ?
Can we nullify these 2 components by any chance ?
Kindly help urgently 🙏
Best Regards
CAclubindia
