Interest u/s 234a
This query is : Resolved
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?
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?
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.
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?
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
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Rent lease agreement
- Relief u/s Section 89
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- REGARDING SECTION 44AE
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
