Interest u/s 234a
This query is : Resolved
CA RICHA SHAH
(Querist)
15 March 2012
I have 1 client whose return of F.Y>-2010-11 is filling in today's date.
My query is :
Whether interest u/s234A is applicable??
Whether it is applicable only after completing this A.Y.11-12?
My query is :
Whether interest u/s234A is applicable??
Whether it is applicable only after completing this A.Y.11-12?
CA RICHA BADALIA
(Expert)
15 March 2012
If the return is not filed within due date interest u/s 234A would be charged.In your case interest would be charged from due date of filing return till the date of furnishing return @ 1% p.m. or part of month.
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