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Filing of income tax return

sourav (none) (58 Points)

29 March 2017

My client had filed the return before the due date for the AY 2016-2017.Now because of certain omissions from the same the return is been revised.

WILL HE BE LIABLE FOR INTEREST U/S 234A 234B 234C???? ARE THERE ANY CIRCULARS OR NOTIFICATION RELATING TO THIS....

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4 Replies

Diamond Goyal (Finance Accounts Taxation & Auditing) (90 Points)
Replied 29 March 2017

If there is the liability to pay advance tax and which can not be paid by due date then the interest will be levied under section supra mentioned by you.

sourav (none) (58 Points)
Replied 29 March 2017

What about Interest u/s 234A??????

CA Bharat Chawla (CharteredAccountant) (29 Points)
Replied 29 March 2017

Interest u/s 234A is applicable for late filing of Income tax return and as such revised return filed does takes place of original return which is filed within time limit of 139(1) Thus Int u/s 234A is not applicable on revised return..!