Interest 234a

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 August 2013 Dear Sir,
As the due date extended to 05/08/2013.
Whether the interest is leviable u/s 234a if the tax is deposited on 02/08/2013.

Actually Itr4 is calculating interest u/s 234A, but in the same case Itr4S and itr5 is not caluculating interest, downloaded on 02/08/2013.

02 August 2013 No,interest u/s243A doesn't applicable; in ITR at the due date option enter the date 02/08/2013 then it may not calculate interest.

OM SAI SRI SAI JAI JAI SAI

02 August 2013 if after caluculation any interest came just keep that value as "Zero"

i mean enter to cell where interest shows in computation and enter it as Zero manually

it will be okay,, then generate XML with out click on caluculation again and the same can be filed

03 August 2013 Dear all!

Only the due date of filing the IT return has been extended. There is no corresponding extension for tax payment.

Therefore, for any delay for a fraction of a month, full interest at 1% would be applicable.

Goodbye!!


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