Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

( ii ) BG , a resident individual aged 6 7 , has filed the return of income for the assessment year 2 0 2

(ii) BG, a resident individual aged 67, has filed the return of income for the assessment year 2023-24 on 10th January 2024, showing an income of 11,00,000. He has opted for old tax regime. He has paid advance tax of 55,000 and there is TDS credit of 16,600. How much is payable by way of interest under section 234A? Note: Due date for filing ITR is 31st July,2023.
(A) NIL
(B)3,060
(C)3,700
(D)4,440

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools For Business Decision Making

Authors: Weygandt, Kimmel, Kieso

4th Edition

0470478535, 978-0470478530

More Books

Students also viewed these Accounting questions

Question

Be able to suggest some future options for human resources

Answered: 1 week ago

Question

Be able to create a contract for consultant services

Answered: 1 week ago