Interest on tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 August 2012 Dear expert,
Self assessment tax of a firm for AY 2012-13 was Rs. 3050/- as calculated on 30- July - 2012. However partner could not deposit the said tax due to over rush at bank counter.
Therefore return could not be filed till 31 July 2012.
Suppose if the firm files his return in Aug. 2012, then interest for one month is due or not, as due date for returns have extended to 31 Aug 2012.
Please advise me.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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06 August 2012 Since the due date of filing the return has been extended to 31st August, 2012 interest u/s 234A shall NOT be levied.

Prakash Kochar

Prakash Kochar (Expert)
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07 August 2012 Tax paid on or before 31.08.2012 will be within extended period, will not attract interest u/s. 234A.

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