interest as 234(a) on recieving notice 143(1)(a)
This query is : Open
04 March 2018
For the last assessment year 2017-18 the original return was filed timely , But After receiving notice under 143(1)(a) - due to variance in income as a mismatch with 26AS, I need to pay additional tax by filing revised return - then under which section the revised returned will be filed ? Also Do I need to pay interest under section 234(A) on the additional tax that need to be paid ?
Miss Mansi Bhojani
(Expert)
04 March 2018
It will be filed u/s 139-5. Interest u/s 234-a is for delay in furnishing the return of income since that is filed by you on time you that is not applicable. So interest u/s 234- b or 234c will apply to you as applicable upon your tax.
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