Hi All,
Whether interest U/S 234 B is to be calculated till the date of payment of taxes or till the date of filing the returns?
for ex. self assessment tax for A Y 2013-14 was paid on 25th of April 2013 by an individual. so whether interest is to be calculated only for one month or for 4 months ( from april to july) ?
Obivious up to date of payment. As even you don't file Return, and AO directly takes your case for assessment then interest is up to date of payement only
Shyam Joshi & Associates
Pune
B.Com
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O P Bagla & Co LLP
New Delhi
CA Inter
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