10 December 2017
Dear Sir/Madam,
1. In order to calculate the interest for default in furnishing the return of income, we have to consider the following dates:
a. The date of furnishing of the return
b. The date of completion of the assessment.
2. So, I request to clarify the differences between
" furnishing of the return and completion of the assessment "
11 December 2017
Interest u/s.234A has to be calculated from the next day of the 'due date' to the 'date of furnishing' the return. Date of completion of assessment has no relevance for this section.
CAclubindia
