Vinay Pisupati (Chartered Accountant) (110 Points)
17 July 2013Tax on Gross Income is Rs 560,370.
Advance tax paid by the company is Rs 60,000. (Only one installment is paid by the Company)
TDS credit available is Rs 20,92,250 as per 26 AS.
Will Interest U/s 234B & 234C is payable by the Company?
Hema chandra prasad
(Article assistant)
(33 Points)
Replied 17 July 2013
i Think it will not be applicable
| Originally posted by : Vinay | ||
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Tax on Gross Income is Rs 560,370. Advance tax paid by the company is Rs 60,000. (Only one installment is paid by the Company) TDS credit available is Rs 20,92,250 as per 26 AS. Will Interest U/s 234B & 234C is payable by the Company? |
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NOT APPLICABLE . CHECK THIS LINK AND UNDERSTAND CONCEPTS OF ADVANCE TAX , SEC 234B , SEC 234 C
https://www.chdcaprofessionals.com/2013/06/advancetax-sec234a-sec234b-sec234c.html
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