234a

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Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2014 Dear Sir,

I want to know whether 234A is applicable in the following matter or not? (Financial Year 2013-14)

X Mfg. Co. (Proprietory Concern) Is having tax Liability of Rs. 20000 and is eligible for audit u/s 44AB, so its Due date will be 30/11/2014. He has paid Self Assessment Tax Until 30th sept. 2014, and he is filing his return in November, so if 234 A is applicable or not when he file his return in November?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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31 October 2014 Interest is leviable as per the act. But SC decision in Dr. Pranoy Roy's (309 ITR 231) case says can't levy.

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Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2014 Dear Sir,

But I want to know considering the Financial Year 2013-14, where the due date is extended upto 30/11/2014 subject to 234 A?