Section 234B interest ends on the date of what?
ADetermination under 143(1)
BPayment of the advance tax
C31 July of the assessment year
DFiling of the tax return
Answer & Solution
Correct answer: A. Determination under 143(1)
The period runs to the date of determination of total income under section 143(1), or to regular assessment where made.
Keep practising Return of Income
Browse all Return of Income questions for CA Inter, or explore more Taxation topics.
Related questions
Section 234F applies to returns for which assessment years?As worded in section 234F, total income is Rs 8 lakh and the return is filed on 20 DecembeAs worded in section 234F, an individual with total income Rs 4,50,000 files after 31 DeceTax due Rs 2,00,000; Rs 1,20,000 paid by 15 Dec. 234C interest on that shortfall?Tax due on the returned income in 234C is tax on income declared where?Under-estimating which income does not attract 234C if paid in later instalments?Who pays advance tax in a single instalment by 15 March under 234C?A June shortfall escapes 234C if advance tax paid is at least what share?