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Interest u/s 234 b and c
I have filed one return of my Client, he has u/s 44AD of Rs. 420000 and other interest income of Rs. 63471, and pay interest u/s 234A/B/C accordingly in proportionately but received CPC order for demanding interest u/s 234 B and C on whole tax,
if i am correct then how to dealt with this CPC order
if proportionately, then how to dealt with CPC order showing Demand of Rs. xyz. for wrong calcuation of interest
Replies (4)
Rectification for wrong calculation of 234b & c can be filed u/s 154
i simply want to if the Assessee has both income i.e. Income u/s 44AD and income from Other Sources, then, Interest u/s 234B/C should be paid on total tax or proportionately as income
234b is calculated on assessed tax & 234c on tax due to returned income...
Thanks, done with it already
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