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Interest of 234a, b and c urgent plzz reply
If in the assessment proceedings some of the expenses becomes disallowed and the income increases , so please advice whether the interest under section-234a, b and c would be applicable or not while calculating tax on regular assessment, further the return under section 139 is not liable to interest under any of these section.
Replies (5)
Yes, i think it will be applicable
234A interest is not filing the return with in the due date and will be calculated from the due date to date of filing return. 234B and C is to be calculated if the tax amount on income exceeds Rs.10,000/-. 234B interest payable for default in payment of advance tax and 234C payable for deferment of Advance tax
234A interest is not filing the return with in the due date and will be calculated from the due date to date of filing return. 234B and C is to be calculated if the tax amount on income exceeds Rs.10,000/-. 234B interest payable for default in payment of advance tax and 234C payable for deferment of Advance tax
234A interest is not filing the return with in the due date and will be calculated from the due date to date of filing return. 234B and C is to be calculated if the tax amount on income exceeds Rs.10,000/-. 234B interest payable for default in payment of advance tax and 234C payable for deferment of Advance tax
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