Interest u/s 234A
This query is : Resolved
06 April 2009
An Assessee has total tax liability of Rs.49,00,000/- & due date of filing return is 30.09.2008. He files return on 30.09.2008 & pays 90% of tax on the same date.
He proposes to pay balance 10% of tax now i.e.in April'09.
Whether interest u/s 234A is applicable?
If yes, then on what amount i.e.on Rs.49,00,000/- or on remaining tax liability of 10%?
He proposes to pay balance 10% of tax now i.e.in April'09.
Whether interest u/s 234A is applicable?
If yes, then on what amount i.e.on Rs.49,00,000/- or on remaining tax liability of 10%?
06 April 2009
answered.
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
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Loss of interest in PF transfer from EPFO to Trust
- TDS offline utility
- Due Date Clarity
- IT returns for fresh job holders
- Banking Related Issue
- Residential status of non resident
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- 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
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
