Interest U/s 234(A)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2009
Dear all
For the Asst Year 2008-09 my tax liability was 2780. I have paid the same on 20.07.2008 but I have filed my return of Income on 25.02.2009. The Assessing officer has levied Interest U/s 234A. Is he justified ? kindly clarify the same & provide me case laws
Thanking You
For the Asst Year 2008-09 my tax liability was 2780. I have paid the same on 20.07.2008 but I have filed my return of Income on 25.02.2009. The Assessing officer has levied Interest U/s 234A. Is he justified ? kindly clarify the same & provide me case laws
Thanking You
02 December 2009
The assessing officer is right. The tax is to be calculated upto the date of filing (full month's interest even if paid in between the month)of the return.
Since the case is not in your favour; hence no case law is quoted.
CA Rakhecha
Surat
Since the case is not in your favour; hence no case law is quoted.
CA Rakhecha
Surat
02 December 2009
Supreme court in Dr. Pranoy Roy's case ruled that interest need not be levied on the cited situation.
02 December 2009
You have 30 days to file Return afterthan you have follow as per AO order.
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