Interest under section 234B(2A)(a) - Settlement Commission Case

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....nterest under section 234B(2A)(a) - Settlement Commission Case<br> Query (Issue) Started By: - Akshay Jain Dated:- 2-11-2017 Last Reply Date:- 5-11-2017 Income Tax<br>Got 2 Replies<br>Income Tax<br>As....

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.... per the Section.... Interest has to be calculated at 1% from the start of that Assessment year upto the date of filing of application to ITSC.... Is the interest to be calculated on the outstanding t....

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....ax per month or on the entire tax Eg Suppose tax payable is 1,00,000 for AY 2010-11. An amount of &#8377; 80,000 was paid on 31.3.2014. Date of filing ITSC application is 15/01/2016 Logically in....

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....terest has to be calculated on 1,00,000 upto 31.3.2014 and then interest has to be calculated on the balance tax from 1.4.2014 to 15/01/2016... Kindly update... Reply By MARIAPPAN GOVINDARAJAN: The ....

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....Reply: In my view yours is correct. Reply By Ganeshan Kalyani: The Reply: Interest is applicable on outstanding period.<br> Discussion Forum - Knowledge Sharing ....