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

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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02 December 2009 Supreme court in Dr. Pranoy Roy's case ruled that interest need not be levied on the cited situation.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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02 December 2009 You have 30 days to file Return afterthan you have follow as per AO order.

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