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

[Rajeev Khulbe]

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

AI Summary

Advance tax interest: shortfall and default interest can arise if instalment payments and TDS don't cover tax liability on prescribed dates. Interest under sections 234B and 234C arises because the final tax liability exceeded amounts paid through TDS and challans at the prescribed instalment dates. The portal computes 234C interest by comparing cumulative tax due with cumulative payments (including TDS) at each advance tax instalment date to capture shortfalls, and computes 234B interest on any remaining unpaid tax thereafter. Even under presumptive taxation, payments are set off by date; insufficiency or lateness triggers the two interest calculations.