Follow Us on Twitter




Discussion > Income Tax > Interest on late submission of Income Tax Return   Post New Topic

Pages : 1

There are 5 Replies to this message



Rajesh Kumar
Student
[ Scorecard : 202]
Posted On 20 November 2008 at 10:48 Report Abuse

Report Abuse / Feedback


Name
Email
Subject
Message

Verify Verify Code 
  

Note : The above form can be used to intimate the moderators regarding abuse of the platform.


Sir,

I have not submitted Income tax return for the year ended 31-march-2008, my tax libility is coming around 10000/-. Question is

1] Can I submit my return now?

2] How much interest would be paid by me?, and on what amount ,as on today?

regards

Rajesh

 


Share This


abhashmishra
PCC STUDENT
[ Scorecard : 412]
Posted On 20 November 2008 at 11:00

SURE U CAN FILE YOUR RETURN IF U HAVE DEPOSITED YOUR ADVANCE TAX OR IF YOU HAVE TDS CERTIFICATE U HAVE NOT TO BE PAID INTEREST. IF U HAVE NOT DEPOSITED TAX THERAFTER U HAVE TO BE DEPOSTIED INTEREST TOO AS PER SECTION 234 U CAN FILE YOUR RETURN TILL 31.03.2009.
 

THANKS

 

 



Rajesh Kumar
Student
[ Scorecard : 202]
Posted On 20 November 2008 at 12:21

Originally posted by :abhashmishra
" SURE U CAN FILE YOUR RETURN IF U HAVE DEPOSITED YOUR ADVANCE TAX OR IF YOU HAVE TDS CERTIFICATE U HAVE NOT TO BE PAID INTEREST. IF U HAVE NOT DEPOSITED TAX THERAFTER U HAVE TO BE DEPOSTIED INTEREST TOO AS PER SECTION 234 U CAN FILE YOUR RETURN TILL 31.03.2009.
 
THANKS
 
 
"

Hi how to calculate interest ? is it from date from the date of year ended or any other date and 1% interest is chargable per month or per annum?
 



Bharat
student
[ Scorecard : 41]
Posted On 06 December 2008 at 11:33

ANY RETURN FOR INDIVIDIUAL DUE DATE 31.7.2008. YOU CAN FILE RETURN .BUT YOU FILE AFTER DUE DATE THAN YOU CAN PAY INTEREST WITH PER MONTH 1 %, SEC.234A.



pritee
Account assistant
[ Scorecard : 24]
Posted On 20 November 2009 at 13:52

i



pritee
Account assistant
[ Scorecard : 24]
Posted On 20 November 2009 at 13:55

I want to know if we did not submit Income Tax Ackonwledgment till 31st oct then how much penulty paid per day?






Previous Thread Next Thread


Related Threads


more >>

Post your reply for Interest on late submission of Income Tax Return



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message