234A Determination of Period of Default

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Akhil (Querist)
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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.

CA. O.P. Agarwalla

CA. O.P. Agarwalla (Expert)
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19 April 2010 The similar question has been answered by me eralier. Please go through the judgnment given in Paresh Nandy's case.

Akhil

Akhil (Querist)
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19 April 2010 where i ll find paresh nadys case?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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01 May 2010 as the tax has been paid by january interest chargeable upto that time only.

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