advance tax

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..... what is the consequence of default in payment of advance tax ? is any other penalty is charged on default in payment except interest payment ? - Reply By CHITRA RAGURAM - The Reply = No penalty .....

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..... is payable. Only interest is payable u/s. 234B and 234C of the IT Act. - Reply By rishi mohan - The Reply = When the assessee is in default or is deemed to be in default in making payment of tax, i .....

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..... ncluding the tax deducted at source, advance tax and the self assessment tax. Failure to pay the advance tax as directed by the Assessing Officer or as estimated by the assessee. The amount of penal .....

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..... ty leviable depends upon the nature of default. The relevant section of Income-tax Act prescribe the minimum and maximum penalties which can be levied. - advance tax - Query Started By: - hetal dam .....

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..... a Dated:- 16-12-2010 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanageme .....

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..... nt - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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