Int. u/s 234b & 234c applic. to return u/s 44ad filled late.
This query is : Resolved
rajesh raikar
(Querist)
01 August 2013
We have filled return of an individual under section 44AD after due date.My query is whether interest under section 234B & 234C would be applicable if return is filled after due date as per my knowledge it is not applicable to assess filling return u/s 44AD but whether it is applicable even when return is filled after due date
CA PARAS BAFNA
(Expert)
01 August 2013
In case of 44AD provisions of Advance Tax payment are not applicable that's why 234B and 234C are not applicable. 234A is applicable.
.
.
Rupesh Jain
(Expert)
01 August 2013
intt. on advance tax will not applicable on u/s 44AD
but late filing of return intt will be applicable
but late filing of return intt will be applicable
rajesh raikar
(Querist)
01 August 2013
Even if return is filled after due date interest u/s 234B & C will not be attracted
CA PARAS BAFNA
(Expert)
01 August 2013
Yes - due to the same logic given in the first reply - Interest U/s 234B & 234C will not be applicable.
.
.
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