Interest under section 234B(2A)(a) - Settlement Commission Case

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..... As per the Section.... Interest has to be calculated at 1% from the start of that Assessment year upto the date of filing of application to ITSC.... Is the interest to be calculated on the outstanding .....

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..... tax per month or on the entire tax Eg Suppose tax payable is 1,00,000 for AY 2010-11. An amount of ₹ 80,000 was paid on 31.3.2014. Date of filing ITSC application is 15/01/2016 Logically .....

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..... interest has to be calculated on 1,00,000 upto 31.3.2014 and then interest has to be calculated on the balance tax from 1.4.2014 to 15/01/2016... Kindly update... - Reply By MARIAPPAN GOVINDARAJAN - .....

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..... The Reply = In my view yours is correct. - Reply By Ganeshan Kalyani - The Reply = Interest is applicable on outstanding period. - Interest under section 234B(2A)(a) - Settlement Commission Case .....

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..... - Query Started By: - Akshay Jain Dated:- 2-11-2017 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - .....

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..... taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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