Interest U/s 234 A FY 2020-21
Can any one explain how the interest is calculated. The calculation shows as interest for two months i.e. August and September 21. I will be filing my return before 30th September.
Can any one assist me in above.
Thanks a lot.
Clarification 1: It is clarified that the extension of the dates as referred to in clauses (9), (12) and (13) of Circular NO.9/2021 dated 20.05.2021 and as referred to in clauses (1), (4) and (5) of this Circular shall not apply to Explanation 1 to section 234A of the Act, in cases where the amount of tax on the total income as reduced by the amount as specified in clauses (i) to (vi) of sub-section (1) of that section exceeds one lakh rupees.