Interest on tax for late payment
This query is : Resolved
C R GOPINATHAN NAIR
(Querist)
14 April 2014
Sir/s,
I have filed ITR for AY 2013-14 on 25th marchbbb. Tax due was also paid on the same date. Am I liable to pay interest on tax due? Is there any difference on the interest liability if I am a Senior Citizen?
Nikhil Kaushik
(Expert)
15 April 2014
Sir, 234A interest shall apply regardless of age. interest under 234B and C shall not be applicable to senior citizens if there is no business/profession income.
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