![Advance Tax u/s 234B of Income Tax act Not Applicable When Entire Income is subject to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Advance-Tax-Tax-Income-Tax-act-Income-Tax-Income-TDS-ITAT-Taxscan.jpg "Advance Tax u/s 234B of Income Tax act Not Applicable When Entire Income is subject to TDS: ITAT [Read Order]")
Advance Tax u/s 234B of Income Tax act Not Applicable When Entire Income is subject to TDS: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) recently held that advance tax under section 234B of income Tax act 1961 is not applicable when entire...
![Portfolio Management Company cannot determine Performance Fee on Estimate Basis to pay Advance Tax: ITAT deletes Excess Interest u/s 234C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Portfolio-Management-Company-Portfolio-Management-Performance-Fee-Advance-Tax-Tax-ITAT-Interest-Income-Tax-taxscan.jpg "Portfolio Management Company cannot determine Performance Fee on Estimate Basis to pay Advance Tax: ITAT deletes Excess Interest u/s 234C [Read Order]")
![Failure in Payment of Advance Tax towards Unexpected Income doesnt attract Interest u/s 243C(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/payment-advance-tax-ITAT-taxscan.jpg "Failure in Payment of Advance Tax towards Unexpected Income doesnt attract Interest u/s 243C(1): ITAT [Read Order]")
![Interest u/s 234C shall be calculated based on Returned Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Interest-under-section-234C-Returned-Income-ITAT-Income-Taxscan.jpg "Interest u/s 234C shall be calculated based on Returned Income: ITAT [Read Order]")
Excess Payment of Advance Tax ignored while Calculating Interest u/s 234C: ITAT directs AO to Verify Calculation [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Bangalore bench has directed the Assessing Officer to re-verify the calculation of interest under section 234C of the Income Tax Act,...
![Excess Payment of Advance Tax ignored while Calculating Interest u/s 234C: ITAT directs AO to Verify Calculation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Excess-Payment-Advance-Tax-ITAT-AO-Taxscan.jpg "Excess Payment of Advance Tax ignored while Calculating Interest u/s 234C: ITAT directs AO to Verify Calculation [Read Order]")
Interest on Delay in Advance Tax Installments shall be charged only on the Returned Income, Not on Assessed Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the interest on delay in payment of advancements shall be charged only on the returned income and not on the assessed income. ...
![Interest on Delay in Advance Tax Installments shall be charged only on the Returned Income, Not on Assessed Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Advance-Tax-Installments-Interest-ITAT-Mumbai-Taxscan.jpg "Interest on Delay in Advance Tax Installments shall be charged only on the Returned Income, Not on Assessed Income: ITAT [Read Order]")
Assessee can’t be held liable for Interest for short-fall of Advance Tax which arises due to Default of Payer in deducting TDS, rules Supreme Court [Read Judgment]
The Apex Court held that the assessee cannot be held liable for interest for short-fall of advance tax which arises due to Default of Payer in Deducting TDS before the Financial Year 2012-13. The...
![Assessee can’t be held liable for Interest for short-fall of Advance Tax which arises due to Default of Payer in deducting TDS, rules Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/09/Advance-Tax-TDS-Supreme-Court-Taxscan.jpg "Assessee can’t be held liable for Interest for short-fall of Advance Tax which arises due to Default of Payer in deducting TDS, rules Supreme Court [Read Judgment]")
No Interest u/s 234B can be levied on the assessee-payee on the ground of non-payment of Advance Tax: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that no interest under section 234B can be levied on the assessee-payee on the ground of non-payment of advance tax. The appellant, M/s...
