Income Tax Return A Y 20-21
This query is : Open
MAKARAND DAMLE
(Querist)
17 December 2020
ITR 1 utility in java as well as excel is calculating Interest u/s 234A
When due date of filing is 31st December how liability u/s 234A is getting calculated ?
When due date of filing is 31st December how liability u/s 234A is getting calculated ?
CA Ankith Jain
(Expert)
17 December 2020
If the tax payable is more than 1 lakh, then 234A is applicable, as the due date for payment was 31st july itself. Refer notification 35/2020 dtd 24th june.
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