Interest u/s 234(a)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 September 2011 Whether interest to be computed for late submission of salary return u/s 139(1) on which TDS has been made no tax liability has arisen? The taxable income is within 5 lacs for A.Y. 2011-2012, will answer differes in this case?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 September 2011 If there is no tax liability after considering TDS, no need to compute interest u/s 234A for belated return filing irrespective of the amount of income.

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