Interest u/s 234C - interest for deferment of advance tax - If ...

Interest u/s 234C Not Applicable for Unexpected Income After Due Dates, No Advance Tax Liability Initially.

August 13, 2022

Case Laws Income Tax AT

Interest u/s 234C - interest for deferment of advance tax - If on a particular due date for payment of advance tax, the facts show that there is no liability to pay advance tax, non-payment of advance tax on the due date may not be considered sufficient to attract interest u/s 234C. If the returned income is higher due to unexpected income received subsequent to earlier due dates, the shortfall in payment of advance tax instalment in earlier date may not attract interest. - AT

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Interest u/s 234C - interest for deferment of advance tax - If ...

Interest u/s 234C Not Applicable for Unexpected Income After Due Dates, No Advance Tax Liability Initially.

August 13, 2022

Case Laws Income Tax AT

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