Interest u/s 234B Not Payable in 4 Cases Despite Tax Remaining Unpaid by 31st March !


Interest u/s 234B is payable once it is found that the taxpayer has not paid 90% of the tax on estimated income during the relevant year (FY) only. So , if tax planning is for saving one from paying higher taxes, saving on interest is also great tax planning. Here are four such cases or circumstances  , you have to be careful while computing the interest u/s 234B , as in those cases either the interest u/s 234B is not at all  payable or if payable , then only for a specific period .

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