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interest u/s 234b 234c are showing on section 44ad regarding, Income Tax

Issue Id: - 111851
Dated: 29-4-2017
By:- Rajeev Khulbe

interest u/s 234b 234c are showing on section 44ad regarding


  • Contents

GOOD EVENING TO ALL MY GREATE EXPERTS, TODAY WHEN I FILLING MY INCOME TAX RETURN FOR THE F.Y 2016-2017 U/S 44AD IN ITR4S. SIR HARE MY FOLLOWING DETAIL WHICH I WANT TO SHARE WITH YOU. TOTAL INCOME U/S 44AD = 435000

TOTAL INCOME U/S 44AE = 48600

GROSS INCOME = 483600

NET INCOME = 483600-250000 =233600 *10/100 = 23360

SECTION 87A = 23360-5000 = 18360 * 3/100 = 551

NET INCOME TAX = 18360+551 =18911

TDS DEDUCTED BY PARTY = 4330

BALANCE TAX I PAID BY CHALLAN = 14585 .

SIR ABOVE DETAIL IS MY INCOME TAX DETAIL.BUT SUR I WHEN I VALIDATE THIS RETURN . THEN IT IS SHOWING INTEREST U/S 234 B 145 RUPEES AND 234C 529 RUPEES SIR MY QUERY IS THAT HOW IT IS CAME INTEREST ON ADVANCE TAX. MEANS I WANT TO KNEW CALCULATION OF THIS

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