Due date of filing return & interest on late filing

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MAHESH KUMAR VERMA (Querist)
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23 September 2013 i am facing a problem in ITR4 excel utility, as i know the last date of filing return of an individual who is a partner in a firm which is auditable u/s 44AB (only firm is liable not the partner in my case) is 30 the sep. (correct me if i m wronge) but the prob. Which i m facing is that excel utility is calculating interest u/s 234a. please let me know , what shuld i do.

CA Rinkal

CA Rinkal (Expert)
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23 September 2013 my dear friend...

the partner whose firm's accounts are being required to be audited,

then the due date of return filing of partner is also 30 sept. of the relevant ass year.

and 234A will applied is the partner's total tax liabilities will exceed 10000 rs.

MAHESH KUMAR VERMA

MAHESH KUMAR VERMA (Querist)
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23 September 2013 thanks dear friend for confirming the due date , but in this case total tax liab. Is less then 4000/- then why the utility is calculating int. U/s 234A ?

CA Mohit Bansal

CA Mohit Bansal (Expert)
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23 September 2013 1)Sorry, but I do not agree with CA Rinkel. There is no tax liability limit for interest u/s 234A (Rs. 10000/- is for sec 234B/C and not 234A).
2) Mr. Mahesh, if your excel utility is calculating interest u/s 234A inspite of filing return before due date i.e., 30.09.13 in your case then, there is an option of "alternate due date" in ITR-4 in "PARTB - TI - TTI - SAL" sheet from where you can change the due date to 30.09.13.
Please try it!

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