Assesse did not filed ROI u/s 139 inspite of having taxable income.
Case reopened u/ s 147.
Now while computing tax liabilty in reassessment proceedings, whether assessee will not be liable for 234C as he has not filed Roi u/s 139?
3 Replies
rama krishnan
(12239 Points)
Replied 23 October 2019
It's a debatable issue. as such according to the provisions of section 234c, interest should not be levied
Kapadia Pravin
(17259 Points)
Replied 23 October 2019
When taxes are subject to advance tax Provisions and there is failure in payment of advance tax Instalments then interest will be charged under 234C in the present case.
SHIVANI KUDTARKAR
(511 Points)
Replied 23 October 2019
On which amount interest to be calculated?
assessee has not filed roi at all and 234c has to be calculated on returned tax
assessee has not filed roi at all and 234c has to be calculated on returned tax
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