Interest u/s 234a

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2018 An assessee after paying 140A taxes had filed return of income on a date beyond the extended date of filing (extended by way of cbdt's order u/s 119). What is the legal position regarding charging of interest u/s 234A. Whether to charge for a period starting from the next day after original due date u/s 139(1) or from the date immediately after the extended date?
Please explain

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 May 2018 1. If 140A paid before due date, and return filed after due date no interest u/s 234A.
Inference :- Supreme Court decision in Dr. Pranoy Roy's case.

2. If 140A paid after due date and return is filed after the extended due date, 234A is calculated from the next day of the extended due date if asst yr 2017-18 for tax audit cases.

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