Interest u/s 234B

shrey salecha (51 Points)

27 February 2019  
234B applies when there is non payment of advance tax or advance tax is paid less.

Suppose tax liability amounts to Rs.160000/- before deducting TDS, and TDS amounts to Rs.158000/- leading to net tax payable to Rs.2000.

In such case whether interest u/s 234B would be imposed or not.