INTEREST U/S 234A
This query is : Resolved
11 December 2007
WILL INTEREST BE CHARGED FOR LATE FILIING OF RETURN EVEN IF THERE IS A REFUND
11 December 2007
As per section 194A- Interest is chargeable on the toal tax on the total inome determined under sub section (1) of section 143 and........ as reduced by the aount of:-
a) Advance Tax paid
b) TDS or TCS
c)Relief u/s. 90
d)Deduction u/s. 91
e)Tax Credit allowed.
Do you think that in your case amount of tax remains in your case on which interest u/s. 234A can be levied?
a) Advance Tax paid
b) TDS or TCS
c)Relief u/s. 90
d)Deduction u/s. 91
e)Tax Credit allowed.
Do you think that in your case amount of tax remains in your case on which interest u/s. 234A can be levied?
11 December 2007
interest is compensation for amount not paid.........in your case if nothing is payable as per provisions of act as explained by our brother omprakash .....where is the question of interest
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Rental income of jointly held property
- LIABILITY ADJUSTMENT
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Banking Related Issue
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
