234 A interest
This query is : Resolved
16 September 2020
Interest under section 234A is reflected in ITR/Memo in Winman incase tax exceeds Rs. 1,00,000 even though last date has been extended to Nov 30th.
Can anything be done about this
Can anything be done about this
16 September 2020
for ay 2020-21 income tax due date 30th November 2020 so 234A interest not applicable check software provider
16 September 2020
https://economictimes.indiatimes.com/wealth/tax/self-assessment-tax-liability-for-fy19-20-over-rs-1-lakh-pay-by-july-31-to-avoid-penal-interest/articleshow/76730357.cms
16 September 2020
kindly confirm with regard to above link sir.thank you
17 September 2020
Interest is payable. Inference :- CBDT notification 35/2020 dt. 24-06-2020.
17 September 2020
Sir Form 16 a was given to employee only in september 2nd week.
How is it possible to pay tax before 31st july.
Is there any other recourse available in this case.
How is it possible to pay tax before 31st july.
Is there any other recourse available in this case.
02 October 2021
No. You should have estimated the tax liability & paid before 31st July.
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