Demerger Approval Post-Financial Year End Exempts Assessee from Advance Tax Interest u/ss 234B and 234C.

Demerger Approval Post-Financial Year End Exempts Assessee from Advance Tax Interest u/ss 234B and 234C. https://www.taxtmi.com/highlights?id=26040 Interest u/s 234B and 234C - In the scheme of demerger, it was not possible for the assessee to estimate the income and pay the advance tax as the scheme was approved after the close of the financial year. - No interest - AT en-us Mon, 23 Nov 2015 12:56:56 +0530 Mon, 23 Nov 2015 12:56:56 +0530 TaxTMI RSS Generator Demerger Approval Post-Financial Year End Exempts Assessee from Advance Tax Interest u/ss 234B and 234C. https://www.taxtmi.com/highlights?id=26040 Interest u/s 234B and 234C - In the scheme of demerger, it was not possible for the assessee to estimate the income and pay the advance tax as the scheme was approved after the close of the financial year. - No interest - AT Highlights Income Tax Mon, 23 Nov 2015 12:56:56 +0530 https://www.taxtmi.com/highlights?id=26040