Computation of Interest u/s 234B and 234C - MAT credit - along ...

Income Tax

March 12, 2018

Computation of Interest u/s 234B and 234C - MAT credit - along with tax deducted or collected at source, MAT credit u/s 115JAA also to be excluded while calculating assessed tax. - AT

View Source

← Previous Next →

Computation of Interest u/s 234B and 234C - MAT credit - along ...

Income Tax

March 12, 2018

You may also like:

MAT Credit admissible in terms of Section 115JAA has to be set off against the tax payable (assessed tax) before calculating interest under Sections 234A, 234B and 234C

Mat credit – MAT credit should be given before charging interest under Sections 234B and 234C of the Act - HC

SC allows setoff of MAT credit with tax liability before calculating interest u/s 234A, 234B & 234C

Assessment u/s 115JA - MAT - Levy of interest u/s 234B and 234C on retrospective levy of tax - Interest cannot be levied with retrospective effect - HC

MAT - Interest u/s 234B and 234C shall be payable on failure to pay advance tax in respect of tax payable under Section 115JA/115JB.

MAT - Interest under Sections 234B and 234C shall be payable on failure to pay advance tax in respect of tax payable under Section 115JA/115JB.

Set off of MAT credit - before or after setting off the Tax Deducted at Source and Advance Tax paid - credit under Section 115JAA should be given effect to before...

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

Interest under Section 244A denied - MAT credit under Section 115JA - MAT credit admissible in terms of section 115JAA has to be set off against the assessed tax...

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

Quick Updates: