FAQs on interest under section 234A, 234B, 234C and 234D

Chapters / List

1. When is interest under Section 234A levied?

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2. What is the rate of interest that shall be charged under Section 234A?

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3. Which period shall be considered for interest under Section 234A if the return is furnished belatedly?

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4. Which period shall be considered for interest under Section 234A if the return is not furnished?

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5. Which period shall be considered for interest under section 234A if the return is furnished belatedly in re-assessment?

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6. Which period shall be considered for interest under Section 234A if the return is not furnished in re-assessment?

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7. Which period shall be considered for interest under Section 234A if the return is not furnished and an updated return is filed?

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8. Which period shall be considered for interest under section 234A if the return is furnished and an updated return is also filed?

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9. Whether interest under Section 234A shall be levied on the additional income tax payable under Section 140B?

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10. When is interest under Section 234B levied?

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11. What is the meaning of assessed tax?

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12. What is the rate of interest that shall be charged under Section 234B?

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13. Which amount shall be considered to calculate interest under Section 234B if advance tax is not paid?

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14. Which amount shall be taken to calculate interest under Section 234B if the advance tax paid is less than 90% of the assessed tax?

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15. Which period shall be considered for interest under section 234B if self-assessment tax is not paid?

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16. Which period shall be considered for interest under Section 234B if self-assessment tax is paid?

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17. Which period shall be considered for interest under Section 234B in case of re-assessment without regular assessment?

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18. Which period shall be considered for interest under Section 234B in case of re-assessment after the regular assessment?

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19. Whether interest under Section 234B shall be levied on the amount of additional income tax payable under Section 140B?

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20. What are the due dates for payment of advance tax?

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21. When interest under Section 234C shall be levied?

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22. What is the due date for payment of advance tax if the assessee has opted presumptive taxation scheme under Sections 44AD or 44ADA?

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23. When shall interest under Section 234C be charged if the assessee has opted presumptive taxation scheme of Sections 44AD or 44ADA?

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24. How to calculate interest under section 234C?

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25. How to calculate interest under Section 234C if the assessee has opted presumptive taxation scheme of Section 44AD or 44ADA?

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26. What are the exceptional cases where a shortfall in payment of advance tax shall be ignored for calculation of interest under section 234C?

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27. When is interest under Section 234D levied?

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28. What is the rate of interest that shall be charged under Section 234D?

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29. Which amount shall be taken to calculate interest under Section 234D?

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30. Which period shall be considered for interest under Section 234D?

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