Whether interest u/s 234A, 234B, and 234C be charged on notional ...

Interest u/ss 234A, 234B, 234C Applies Only to Actual Income, Not Notional or Projected Earnings.

December 16, 2013

Case Laws Income Tax HC

Whether interest u/s 234A, 234B, and 234C be charged on notional income - No interest can be charged when there is no real income - The interest will have to be charged in the year when income was earned - HC

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Whether interest u/s 234A, 234B, and 234C be charged on notional ...

Interest u/ss 234A, 234B, 234C Applies Only to Actual Income, Not Notional or Projected Earnings.

December 16, 2013

Case Laws Income Tax HC

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The Income Tax Settlement Commission passed an order charging interest u/ss 234A, 234B, and 234C of the Income Tax Act. The petitioners challenged the order's...

Reduction or waiver of interest charged under section 234A/234B/234C - Scope and Power

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Refusal to waive interest u/s 234A, 234B and 234C - disallowance for want of deduction of tax at source u/s 40(a)(ia) - interest cannot be waived - HC

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Charging interest u/s 234A, 234B and 234C - late filing of return of income - CIT(A) was not right in levying interest under Section 234A of the Act when the return was...

The case pertains to the levy of interest u/s 234C for failure on the part of the payer to deduct tax deducted at source (TDS) u/ss 196D and 194LD. The key points are:...

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