Interest under ss.234B and 234C-Chargeability
Description: Income subject to TDS – Assessee’s income being tax deductible at source under s.195, no interest under ss.234B and 234C could be charged. Source: 1. www.icaihyd.org. 2. HYDERABAD BRANCH OF SIRC NEWSLETTER.Volume:12 Issue:8. August,2010,Page No.12 Our comment: Interest U/s. 234B, 234C cannot be charged where the Assessee’s Income covered by TDS U/s.195
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