Interest u/s 234a

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Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2014 Whether interest U/s 234A is leviable under the situation given below.

A person has paid self assessment tax after the due date for filling return of income.
Due date of return : 31st july 2012
Date of payment: 7th july 2013
original date of filing return : 21st march 2014

at the date of payment interest under sec. 234A has been paid till that date. but the question is whether interest u/s 234A is leviable till the date of filing return of income in this case?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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21 March 2014 The legislature has not taken care of such a situation in section 234A. However,
as a corollary to supreme court decision in CIT Vs Dr. Prannoy Roy , reported in 19 DTR 102, interest levy is justifiable from August 2012 to July 2013.

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2014 But what about the interest from july 2013 to march 2014?

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