NettetInt. 234A Interest Calculation u/s 234B Interest u/s 234C : 52420 S. No. Month April-2016 May-2016 June-2016 July-2016 August-2016 principal 768189 768189 768189 768189 768189 Int. 234B 7681 7681 7681 7681 7681 Int Adjusted int Remain 60101 67782 75463 83144 90825 Principal Adj Pa e 2 Harshit SJnghania Buñdc Singhania dcon Pvt. Ltd. … Nettet21. jul. 2013 · If you have filed ur return on 22.07.2011, then no interest u/s.234A will be levied as sec.234A is interest for filing of return after due date. interest u/s.234B & 234C is levied when tax liabilty is more than 10,000 after taking into account the TDS deducted.
New Provisions U/S 234A with Interest Calculation for AY 2024-22
Nettet5. apr. 2024 · The interest is charged under two cases for proper treatment. 1. Case 1. Calculation of Interest under section 234C when the taxpayer is not opting for presumptive income under section 44AD. If the amount of advance tax is less than 15% of the amount paid on or before 15th June. The rate of interest will be charged @ 1% per month for … Nettet4. mar. 2024 · Section 234A – Interest for default in furnishing return of Income (A) Where the return of income for any Assessment year is furnished after the due date specified in section 139 (1) or is not furnished the assessee shall be liable to pay simple Interest @ 1% for every month or part of a month. the night watch oath
Interest Payable U/s. 234A, 234B & 234C - TaxGuru
NettetAnalytical Reference Materials International Certificate of Analysis Certified Reference Material 700 Corporate Cr., Suite A • Golden, Colorado 80401 • Telephone (303) 216-2621 • FAX (303) 216-2649 Grade: AISI 302 HQ / UNS S30430 Part Number (Q.A. NO.): IARM 234A Certification Date: 03/20/2002 Certificate No.: 234A-03202402-IARM-F Revision … Nettet5. mar. 2024 · Interest (Penalty) = Outstanding Tax X 1% X Number of months (delayed) = 3,00,000 X 1% X 6 = INR 18,000. Therefore, Ravi would now have to pay INR 18,000 as penalty which is over and above his outstanding tax. Not paying his dues till March, he will be charged at the rate of 1% per month till the end of the financial year that is 31 March. Nettet10. nov. 2024 · Introduction to Section 234A – Interest for Default in Filing Tax Return Income Tax Returns for a financial year need to be filed within the time limit prescribed … the night watch slashed