234A Determination of Period of Default
This query is : Resolved
19 April 2010
Singhnia Problem Illustration : -
Due Date of filing ROI : - September 30, 2010
Date of Filling Return : - March 10, 2011
Date of payment of entire self assessment tax : - January 3, 2011
Period of Default : - 4 months..
Query : -
Singhania has considered period of default from october to January (i.e. the month in which SA tax is paid).
but provision of act says period of default will be from October to March i.e. 6 month i.e. upto the month in which return is filed or assessment is done.
Plz tell why singhnia considered 4Month as period of default and not 6 month.
Due Date of filing ROI : - September 30, 2010
Date of Filling Return : - March 10, 2011
Date of payment of entire self assessment tax : - January 3, 2011
Period of Default : - 4 months..
Query : -
Singhania has considered period of default from october to January (i.e. the month in which SA tax is paid).
but provision of act says period of default will be from October to March i.e. 6 month i.e. upto the month in which return is filed or assessment is done.
Plz tell why singhnia considered 4Month as period of default and not 6 month.
CA. O.P. Agarwalla
(Expert)
19 April 2010
The similar question has been answered by me eralier. Please go through the judgnment given in Paresh Nandy's case.
Aditya Maheshwari
(Expert)
01 May 2010
as the tax has been paid by january interest chargeable upto that time only.
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