04 September 2010
good morning to all of you, plz tell me income tax fill return last date is 31 july,30 september.now plz tell me if i late to fill income tex return & i fill on 5 august then sir any interest or panelty will i paid with income tex return.
04 September 2010
If tax is payable, delay in filing return will attract interest under section 234A. Interest rate is 1 % for every month or part of a month from the date immediately following the due date to the date of furnishing the return of income. Levy of penalty can be determined only if the assessment year to which the belated return relates is made known.
09 May 2011
Interest rate is 1 % for every month or part of a month from the date immediately following the due date to the date of furnishing the return of income
CAclubindia
