234B applies when there is advance tax liability and there is either non payment of the same or it is paid less.
Suppose my tax liability is Rs.160000/- and my Tds deducted amounted to Rs. 158000/-, whether interest u/s 234B would be imposed or not.
shrey salecha (51 Points)
27 February 2019
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 07 March 2019