Interest on advance tax late payment or non payment is calculated as per section 234B and 234C. Let’s see these provisions separately. Interest on advance tax non payment u/s 234B:
Tarannum Khatri is Chartered Accountant of India and Founder of Taxmasala.in. She is currently practicing in taxation field. Besides practice, she loves music and reading great minds..You connect with her on FB by clicking button on right side.
Advance tax is required to pay if income tax liability of any taxpayer is more than Rs. 10,000. Following easy steps can help you in advance tax payment. Know the
TDS on rent income is applicable in day to day transactions. TDS under section 194I is applicable on payment of rent which is more than Rs. 180000 p.a. But it
Cost inflation index ( capital gain index ) is useful to calculate long term capital gain. Indexation can help you to save long term capital gain.Here I present table of