INT U/S 234A
This query is : Resolved
01 September 2021
Interest u/s 234A for delay in filing of Return of Income is getting calculated in case of non audit cases returns to be filed by 30th September
What can be done to rectify above and file return of income
What can be done to rectify above and file return of income
01 September 2021
If the tax liability is >₹1 lac, then interest u/s234a will be applicable if ITR is filed after 31st July 2021.
In other words, interest u/s 234a is waived off only when tax liability is up to ₹1 lac.
In other words, interest u/s 234a is waived off only when tax liability is up to ₹1 lac.
01 September 2021
S A Tax is already paid on 27.08.21
still interest u/s 234A and 234B is calculated
Is it correct
still interest u/s 234A and 234B is calculated
Is it correct
01 September 2021
Yes, if SAT was paid before 31st July, then interest would not have been applicable because such payments would be considered as advance tax. Since tax is paid after 31st July, interest would apply.
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