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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Levy of interest u/s. 234B and 234C - MAT - after 07.1.2011 ...


Interest u/ss 234B and 234C: MAT Taxpayers Pay Advance Tax; Interest for March Default Only Post-Jan 2011.

March 28, 2016

Case Laws     Income Tax     AT

Levy of interest u/s. 234B and 234C - MAT - after 07.1.2011 position became very clear that the assessees to be taxed u/s. 115 JB would also have to pay advance tax - interest should be levied for the default of March installment only and not for the earlier three installments. - AT

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