234A
This query is : Resolved
30 December 2009
an assessee remit tax u/s140A within due date but not filed his return within due date,.can AO can charge interest u/s 234A?? what are the other consequences to assessee??
30 December 2009
A.O will charge interest under section 234A. Can seek remedy in appeal based on the following decision.
CIT Vs. Dr. PRANOY ROY (2009)309 ITR 231 (SC).
CIT Vs. Dr. PRANOY ROY (2009)309 ITR 231 (SC).
30 December 2009
Dear Kumar
Interest u/s 234A is based on Filing of Return & not on Payment of Tax, since you have not filed Return within due date as mentioned u/s 139(1) so AO can levy the interest u/s 234A
Interest u/s 234A is based on Filing of Return & not on Payment of Tax, since you have not filed Return within due date as mentioned u/s 139(1) so AO can levy the interest u/s 234A
30 December 2009
Agree the above view of expert
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