Interest u/s 234b and 234c

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I am having a query relation to Interest u/s 234B and 234C. When Business Income is u/s 44AD there is no liabily to pay Interest u/s 234B and C " [SUB-SECTION (4) OF SECTION 44AD]".

Is this section is applicable when there is High amount of STCG and other sources of Income.

For Eg

Income from Business U/s 44AD 453044

Capital Gain 194121

Other Sources 328738

income of an female Assessee 

full deduction of u/s 80  taken 100000

Tax liabily aound 99368

Tds and advance tax 14703 and 20000

So is this Assessee liable to pay interest U/s 234B and 234C..?????

 

Regards

 

Replies (2)

SUB-SECTION (4) OF SECTION 44AD ONLY RELATES TO BUSINESS INCOME.

so for the calculation , whether the 234b/c will be applicable or not ? just do calculation in the following way

1. Calculate total income as if you have not Business income (i.e. ignoring business income - income of other four heads)

2. Deduct deduction u/s - 80c - 100000

3. Calculate your tax liability considering advance tax and TDS. (HERE NOTE THAT CREDIT FOR FULL AMOUNT OF TDS TO BE CONSIDERED WHETHER IT RELATES TO BUSINESS SPECIFIED U/S 44AD OR NOT)

4. If in step - 3 , you are laible to 234b/c then the same will be applicable.

 

okay means aspers the section only onbusiness income you dont have calculate interest for other you have calculate..

coz i am using the Genius software in that to i dosent take amount for Interest u/s 234b and 234c

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