income tax return

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This query is : Resolved

Zakirhusen M Kapasi (Querist)

02 August 2016 As the date for filing income tax return has got extended but the Java utility still calculates interest u/S 234A. How to avoid.

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c.bakshi

c.bakshi (Expert)

02 August 2016 Due Date for filing is 31st July, though date has been extended but liability arises after due date. this is a facility given by the IT dept. tax payment date will not change. that's why interest has been calculated

Zakirhusen M Kapasi

Zakirhusen M Kapasi (Querist)

02 August 2016 What's the benefit of date extention if Interest under section 234A is to be paid.

c.bakshi

c.bakshi (Expert)

10 August 2016 its facility provide so that you can file a return within due date, so that in near future, you can have the facility to revise the return but not to deposit the tax. income tax dept. has given you 4 months of calculating and depositing the tax amount. this is totally my opinion

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