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intt u/s 234a

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(Querist)
15 May 2010 one of my client has not submitted his return for the AY 2009-10b by 31 march 2010 and now wants to file the return.

Tds has been deducted from his salary and he is eligible for refund around rs 4500/-however he is redy to bear the penalty of rs 5000/- and in dillema that whether he is liable to pay the interest also or not .hence the question is

whether he is liable to pay interest ?
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Satpal Singh

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Satpal Singh (Expert)
15 May 2010 Interest u/s 234 a is payable for late filing of return of income on the amount of tax payble on total income minus tds and advance tax if any paid. In your case you are eligible for refund, hence no interest is payable u/s 234a.
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CA Gangadhar Mishra

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CA Gangadhar Mishra (Expert)
15 May 2010 agree with expert
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
15 May 2010 AGREE
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ram manohar gupta

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ram manohar gupta (Querist)
15 May 2010 AGREED AND THANKS
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