Interest of 234b

This discussion addresses a situation where an assessee paid Rs. 1 crore in prepaid tax, including Rs. 75 lakh as self-assessment tax. However, the Assessing Officer (AO) failed to credit the Rs. 75 lakh in the computation sheet after assessment. The core question is whether interest under sections 234B and 234C is applicable on this Rs. 75 lakh amount. The consensus is that if the self-assessment tax was already paid, no interest should be levied. It's advised to file a rectification application under Section 154 with the AO to ensure the credit is given, which should then resolve any incorrect interest charges.