Interest u/s 234b and 234c

Nirmit Choraria (CA Final) (1333 Points)

07 April 2012  

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