25 January 2013
sir, if one has paid advance tax in time but failed to file a return for the regarding previous year then whether he is liable to pay intrest u/s234a? and in the same way if one has tds but failed to file a return then, he is liable to pay intrest u/s 234a? please solve my query anyone
25 January 2013
On the tax liability covered by advance tax and TDS , Interest U/s 234-A is not payable in case of late filing of return also. However if there remains any liability after adjusting the advance tax or TDS, Interest U/s 234-A has to be paid. .