
Boat service launched for tribal residents in Sirumugai town panchayat
Residents of Kandhavayal, Kandhaiyur, Mokkaimedu and Uliyur regularly cross the river for work, education and shopping.
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Whenever the water level in the Bhavanisagar reservoir exceeds 96 feet, the low-level bridge -- constructed at a height of 20 feet -- gets submerged.
Locals say the bridge remains marooned for four to six months each year, during which they rely on coracles to cross the river. Though a high-level bridge is being constructed at a cost of Rs 15 crore, the work has been progressing at a snail's pace, with only about 75% completed so far.
An official in the Sirumugai town panchayat said, 'Following a request from the panchayat, the district administration arranged for a motorboat. The public, including school and college students, can use it free of cost.'
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These may propose adjustments on the grounds of discrepancy in self-assessment tax or interest computation, even though the taxpayer is in compliance with law.' Delay in tax refund: 'Additionally, unresolved mismatches can cause delays in refund processing, particularly for salaried individuals or those with TDS or TCS driven refunds. In some cases, taxpayers may be compelled to respond to unnecessary notices or file rectification requests, increasing administrative burden.' What can taxpayers do? Mismatch with Department's Records: " If the ITR shows less interest than actually payable, it may result in processing mismatches, leading to refunds being withheld or delayed. If the ITR shows less interest than actually payable, it may result in processing mismatches, leading to refunds being withheld or delayed. Penalties or Notices: In rare cases, the department might treat it as under-reporting of tax liability, especially if the shortfall is significant or repetitive. 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Due date for payment of advance tax Advance tax to be payable On or before June 15 of the previous year At least 15% of advance tax On or before September 15 of the previous year At least 45% of advance tax On or before December 15 of the previous year At least 75% of advance tax On or before March 15 of the previous year 100% of advance tax Note: Any tax paid, on or before 31st March, shall also be treated as advance tax paid during the financial year. Chartered Accountant Aditi Bhardwaj shared on micro-blogging website X (formerly Twitter) that there is an error in calculating Section 234C interest in the Income Tax Return Utility. She and other Chartered Accountants with whom we spoke highlighted that if this error in ITR utility's Section 234C related to interest calculation is not fixed then many tax payers may get automated tax notices or face issues at the time of their ITR processing, for no fault of give you a brief about Section 234C interest, it is levied when you have a tax liability above Rs 10,000 but failed to pay the minimum amount of advance tax via the four prescribed time said on X, 'Please note that, as per law, interest under section 234C is not applicable when the net tax liability is less than Rs 10,000. However, the current ITR software auto-calculates and populates this interest incorrectly. Requesting @IncomeTaxIndia to kindly review and rectify this issue in the utility and online portal. While the field is editable in the form, we would like to ensure that manually overriding it will not create issues during processing.'Also read: Wife pays no income tax after selling two houses for Rs 6 crore gifted by her husband, wins case in ITAT Mumbai; here's how it happened We have asked experts about this problem and here's what experts said to ET Wealth Online:'Yes, the CA (Aditi Bhardwaj) is right. Interest under section 234C is not applicable if net tax liability is less than Rs 10,000. But the ITR utility is wrongly calculating it, and shows less interest than what is actually to be paid. As per our working, the utility is doing incorrect calculations.'The concern raised by the CA (Aditi Bhardwaj) regarding the automatic computation of interest under section 234C in the Income Tax Return (ITR) utilities is relevant screenshots of the online Interface and offline Excel utility is provided as below:Source: CA (Dr.) Suresh SuranaSource: CA (Dr.) Suresh SuranaSurana explains that If the tax department does not fix this issue in the ITR utility, the following can happen:Surana says: 'Therefore, timely intervention by the tax department is essential to ensure accurate computation, smooth processing, and reduction in avoidable disputes.'Also read: Shinde wins Rs 1.4 lakh tax penalty case despite claiming false income tax deductions to reduce income by 50%; Know the details Soni agrees with Surana and adds that if this issue is not fixed immediately then the 'Centralised Processing Center (CPC) may later raise a demand for shortfall in interest under Section 234C, as per correct computation, even though the utility showed a lower amount.'Soni explains that you need to file an recitification request or revised ITR if this issue is not says:According to the Income Tax Department website, 'Every person, whose estimated tax liability for the Financial Year is Rs 10,000 or more, shall pay his taxes in advance in the form of "advance tax". However, a resident senior citizen (i.e., an individual of the age of 60 years or above) not having any income from a business or profession is not liable to pay advance tax.'If a taxpayer's income tax liability is more than Rs 10,000 then that taxpayer needs to discharge the tax liability by following a specified advance tax interest under Section 234C shall be levied if payment of advance tax in an instalment is less than the prescribed percentage (given in the above table). However, the interest shall be levied if:According to the Income Tax Website , the advance tax is payable by an taxpayer in 4 instalments on or before the prescribed due dates as specified in the below table: